Return of commission: Three advisers battle it out

Could commission return to investment advice?

Nicola Brittain
clock • 3 min read

The advice gap is one of the most talked about topics in financial services, but could the re-introduction of commission help solve the problem? PA asked three advisers to share their views...

Last month, Financial Conduct Authority acting chief executive Tracey McDermott admitted the Financial Advice Market Review (FAMR) may bring back some form of commission in a bid to close the advice gap. But advisers have mixed ideas about the proposal. There is a lack of consensus on the way commission might impact the wider industry and disagreement on the scale of the gap itself.   We ask three advisers for their opinions...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Advice firm declared failed by FSCS over SIPP advice

Advice firm declared failed by FSCS over SIPP advice

One claim upheld so far against Charthouse Asset Management

Isabel Baxter
clock 12 November 2024 • 1 min read
FCA warns of Rosemount clone

FCA warns of Rosemount clone

Fraudsters targeting individuals, FCA states

Isabel Baxter
clock 11 November 2024 • 1 min read
Titan Wealth wins confidential information and harassment case against ex-employee

Titan Wealth wins confidential information and harassment case against ex-employee

Former staff member circulated confidential documents and offensive messages, judge finds

Jen Frost
clock 07 November 2024 • 5 min read