A solution to the problem of people not being able to pay upfront for advice already exists without the need for a mooted return to "old-style" commission, the Personal Finance Society (PFS) has said.
Financial Conduct Authority (FCA) acting chief executive Tracey McDermott refused to rule out a return to product-based commission as part of the regulator's Financial Advice Market Review (FAMR), an investigation...
'Increasing range of platforms'
Who pays for platforms?
Investments hit by turbulence
Range launched in March 2017
Regulated v unregulated