PFS backs FAMR commission solution that already exists

Way to avoid big upfront costs

Laura Miller
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PFS backs FAMR commission solution that already exists

A solution to the problem of people not being able to pay upfront for advice already exists without the need for a mooted return to "old-style" commission, the Personal Finance Society (PFS) has said.

Financial Conduct Authority (FCA) acting chief executive Tracey McDermott refused to rule out a return to product-based commission as part of the regulator's Financial Advice Market Review (FAMR), ...

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