Advisers warn of fall-out from proposed removal of trail commission

Reaction to FCA consultation

Hannah Godfrey
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"Whenever businesses are pushed to failure we always worry about FSCS levies" - Informed Choice's Martin Bamford
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"Whenever businesses are pushed to failure we always worry about FSCS levies" - Informed Choice's Martin Bamford

The removal of trail commission proposed by the regulator could hit the value of some advice businesses and see some go under, impacting FSCS levies, advisers have warned.

The Financial Conduct Authority (FCA) yesterday revealed it would consult on whether it should remove trail commission on share classes sold before the Retail Distribution Review (RDR). In a con...

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