Sheriar Bradbury: Massow's trail commission model may just work

Adviser Sheriar Bradbury says Ivan Massow may be on to something with his new commission refund business...

clock

Sheriar Bradbury, owner of London-based Bradbury Hamilton, says questions remain about Ivan Massow's new business venture, but feels the one-time flatmate of Michael Gove may be on to something...

The subject of trail commission has once again been brought to the fore in the guise of paymemy.com, a new website aimed at policyholders who apparently don't receive service from the IFA who picks up the trail commission on their policies. The man behind the venture is Ivan Massow. His business, according to reports I have heard, aims to collect all the trail commission and rebate 80% back to the client, irrespective of its size. Is this a clever business model giving the client 'something for nothing', or are there flaws to this idea? The problem that first struck me was - what i...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Charging

Ascot Lloyd overhauls pricing to attract wider range of clients

Ascot Lloyd overhauls pricing to attract wider range of clients

Fee change unveiled as part of firm's rebrand

Jenna Brown
clock 26 February 2025 • 2 min read
Shackleton cuts fees for new and existing clients

Shackleton cuts fees for new and existing clients

Reduction starting from 1 February

Jenna Brown
clock 30 January 2025 • 1 min read
Why SJP's advice review has industry-wide consequences

Why SJP's advice review has industry-wide consequences

Why SJP's move to set aside £426m affects us all

Roderic Rennison
clock 04 March 2024 • 2 min read