How big is the threat to trail commission?

The move to clean share classes on fund supermarkets and platforms for new business, and the attendant sunset clause for existing business, is focusing a very bright light on the trail commission debate once again. Often, we see the issues for trail generated at fund level conflated with trail generated at wrapper level. This results in advisers asking what they should do now that we have to switch it off. It is worth reminding ourselves of what the facts are. At present, there is no issue in maintaining pre-Retail Distribution Review (RDR) trail commission generated at wrapper level,...