A musician has recorded a song inspired by the death of trail commission and its impact on the advice sector.
Advisers and clients could get "caught out" by the new tax treatment of payment of trail commission, according to James Hay Partnership.
A Conservative Peer has criticised fellow politicians for failing to question the Retail Distribution Review (RDR) commission ban and warned of the unintended consequences.
A number of providers have established 'holding' funds for the trail commissions earned by former Honister Capital advisers, as they await clarity on who rightfully owns the money after it was sold by Honister administrators Grant Thornton to another...
Most advisers intend to retain their independent status post RDR, but this appears to clash with the plans of firm principals and network bosses, research suggests.