trail commission

Advisers considering leaving the industry before 31 December 2012 should wake up and smell the coffee

The FSA is set to clarify the fate of trail commission when clients switch adviser from 2013 following concerns from advisers and providers.

This week we asked the 250 advisers on our Professional Adviser panel for their opinions on the importance of renewal commission to an IFA business.

A protection and investment IFA is calling on providers to help him adopt a uniform charging method across both sides of his business.

A dearth in mortgage availability and sluggish ISA sales are heaping further pressure on transactional adviser firms, warns IFA Bradbury Hamilton.

IFAs do not charge enough trail commission, according to Adviser Breakthrough Solution, an adviser services organisation.

Around a third of mortgage advisers are thought to have made no plans or financial provision for their own retirement, according to an AMI survey.

Protection intermediaries do not think they should move to a trail commission model, despite calls to do so from several industry spokespeople.

Moving to a trail commission model sounds good in principle but making the transition from full upfront payments could be costly for protection intermediaries.

Protection intermediaries should adopt a trail commission model to improve their businesses and give a better service to consumers, says Paul Bradshaw, chairman of Nucleus Group.