BDO director of risk and regulation Alex Ellerton wonders whether the FSA wants trail commission to cease on a fund switch.
Trail commission and the Retail Distribution Review (RDR) have long been a topic of debate between industry and the regulator. With the recent publication of final rules on remuneration, it appeared we were all on the same page. But, alas, we are not. There is one particular aspect – an important one for providers and advisers – that still appears to be causing some anxious discussion. Legacy issues In November the FSA reinforced its longstanding policy intention that trail commission can continue to be paid after the end of 2012 for pre-RDR advice, and that advice post-RDR must be pai...
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
