The Financial Conduct Authority’s (FCA’s) consultation into simplified advice is expected to look to align trail commission with Consumer Duty rather than “switching off” the service completely.
As part of the FCA's consultation in March 2026, the regulator is looking to discuss the future of trail commission as it plans to "modernise the rules and to prevent potential consumer harm". As part of its simplified advice work, the regulator is gathering evidence to decide whether legacy trail commission still delivers good outcomes for consumers. It is understood that any move to change the current arrangements would go through full consultation and close engagement with stakeholders. While trail commission has been banned on all new investment advice since the retail distribu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
