Commission hangover still hampers financial advice - research

A quarter (26%) unwilling to pay fees

Victoria McKeever
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One in six deterred from advice by ‘commission motivation’ assumption
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One in six deterred from advice by ‘commission motivation’ assumption

One in six (16%) of UK adults were deterred from advice by the assumption intermediaries were still motivated by commission, Tilney has found.

This came despite the fact commission-based retail investment advice was banned as part of the Retail Distribution Review (RDR) in 2012. This perception of continued commission-driven bias was particularly...

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