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...
Ceremony will take place 13 November
300 organisations signed charter
Tough year for the sector
Targeting annual yield of 4%