Getting off on the right foot

So far, it hasn’t and here we are, already into April, when the FSA has promised its interim report. On this subject, one particular story caught my eye recently suggesting 80% of an adviser’s income is derived from initial commission. It was based on a survey purporting to be one of the most extensive adviser studies ever conducted, covering 8,000 advisers from 1,357 firms. Much has been written about how advisers are remunerated and how many are moving to fees. The concept of customer agreed remuneration (CAR) seems likely to be endorsed by the FSA in some form or another, however...