trail commission

The Investment Management Association (IMA) said it is "very disappointed" with elements of the FSA's guidance on the treatment of trail commission post-RDR.

The Financial Services Authority (FSA) will allow advisers to continue to take trail commission after 2012 on fund switches within life policies set up pre-RDR.

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

Wealth manager St James's Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

Terry Smith, the City veteran and founder of low cost fund management group Fundsmith, has attacked platforms in the UK for adding to the overall cost of investing in funds.

FundsNetwork has urged the regulator to change tack and include platform re-registration under adviser charging principles as part of a wide-ranging critique of the regulator's legacy asset paper.

FSA rules around legacy assets are "unclear" and "incomplete" and could result in less transparency for consumers, according to the Investment Management Association (IMA).

Insurer Aegon has warned of the "disastrous" ramifications of removing trail commission following a fund switch - a move the FSA hinted at in its latest consultation paper on legacy commission.

Schroders is to launch a range of Z share classes across its UK fund range next month which do not pay trail commission.

Nationals round-up: More coverage of trail commission, a negative analysis of the flailing absolute returns market and new criticism of whole of life policies.