FCA position unchanged
Opened consultation on issue last June
Trailing fees fall to less than £1bn for the first time
Considering a 'sunset clause' for all trail commission
The offering is aimed at advisers' dormant clients
Nucleus has warned some advisers are drastically underestimating the impact the end of platform-based commission will have on their businesses, and suggests it could cut their profits in half.
Most advisers are confident their business will be prepared for the upcoming switch-off of fund-based trail commission, according to a poll which contradicts other research conducted on firms' readiness.
A project management checklist for advisers
Network Sesame has pledged to cover investment advisers' regulatory fees and trail commission arrangements as part of a benefits package for those going down its 'preferred route'.
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.
The 400-day problem, solved
What did the Romans ever do for us? Part I
Advisers could lose thousands of pounds in probate fees as platform funds are being converted to clean share classes, which don't support ongoing trail payments upon client death.
Small firm consolidation in the financial advice market has yet to materialise as predicted because many owners are "hanging on" to the trail commission they earn on pre-Retail Distribution Review (RDR) business, according to one acquirer.
A tool allowing advisers to discover when providers will switch commission payments off on pre-Retail Distribution Review (RDR) business has been launched.
HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.
The vast majority of advisers have faith they will adapt successfully to a world without trail commission, but one in ten say it could mean they cease trading, according to a survey.
Nearly half of advisers already have the majority of their recurring revenue coming from fees, according to a FundsNetwork survey, with less than two years to go until the April 2016 deadline where all on-platform assets need to be moved to clean share...
Scottish Widows will continue to pay trail commission on workplace pension schemes until 2016.
Just under a fifth of advisory businesses have managed to transition all their clients to a pure adviser charging model, according to a 1,000-adviser survey.
Provider Aviva's platform is on course to achieve profitability in 2016 and its target of £6bn in assets under management (AUM) by the end of this year, after its AUM has doubled in the last 12 months.
The Association of Professional Financial Advisers (APFA) has warned advisers to keep a "record of activity with any clients they have with Aegon" after it emerged the Dutch provider had contacted clients to switch-off trail commission.
Online support service Panacea Adviser has launched a guide to help firms plan their strategies around the switch-off of trail commission.