Ban On Commission Payments Will Shrink Scots Ifa Market
Scotland on Sunday › March 29, 2010
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Summary
SCOTLAND'S IFA market is set to shrink after the City watchdog confirmed that it would ban advisers from taking commission payments from providers whose products they recommend.
The Financial Services Authority (FSA) published the rules on Friday as part of its Retail Distribution Review (RDR), which addresses the way in which financial advice is paid for and provided.See the full content of this document
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Ban On Commission Payments Will Shrink Scots Ifa Market
The reforms, coming into force at the end of 2012, are aimed at removing the commission bias blamed for a string of mis-selling scandals.
From the end of 2012, product ...See the full content of this document
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