FCA expected to align trail commission with Consumer Duty rather than 'switching off' service

Consultation is about ‘understanding and evidencing impact’

Sophia Panayi
clock • 4 min read

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...

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