Trail commission is still important to the income of almost all advisers, according to research by software provider Intelliflo, despite the looming deadline that will see the payment method switched off for many of their clients.
One in five advisers said trail commission accounted for a third or more of their income. Trail commission - the annual fee paid to advisers by clients through their products - was banned by the regulator...
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
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