Advice firms still reliant on trail commission must adapt their business models "very quickly", warned one adviser, despite the Financial Conduct Authority (FCA) confirming it had "no immediate plans" to change its policy on it.
On Thursday morning, the FCA confirmed it had "no immediate plans" to change its policy on trail commission on share classes sold before the Retail Distribution Review (RDR), but said it was still considering...
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After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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