Commissions

/Commissions

Is financial advice becoming elitist?

Significant changes in the financial services industry came into play at midnight on 31 December 2012.  These changes meant that financial advisors are now required to be much clearer in the detail of how their services are paid for.  The days of hidden commissions and surprise, unclear charging structures are now thankfully gone. What this [...]

Retail Distribution Review: an opportunity or a threat for IFA’s?

The Retail Distribution Review (RDR) has its roots in aiming to give more clarity for individuals looking to invest. It also had the aim of raising the professional standards of financial advisors and removing what has, for some time, been considered a conflict of interest in how advisors are paid. The RDR is looking to [...]

Can you bank on good advice?

At the start of 2013, the Financial Services Authority (FSA) introduced significant changes to the way in which investors can pay financial advisers for pension and investment advice. At the centre of these changes was the banning of commission payments, which in the past had often been hidden within other charges applied to investment products. [...]