Waller: we cannot rule out RDR read-across to protection

Last year, the FSA confirmed it will allow commission payments made to advisers for pure protection advice to continue, even though commission on investment sales will be banned. Advisers feared if the same rules were applied to protection, the market could be decimated because very few consumers would be prepared to pay a fee instead. However, Clive Waller, managing director of CWC Research, warned the FSA will "squash" the market if it deems advisers are mass-selling protection purely as a means of boosting income. Launching a research paper for Swiss Re this week, Waller (pictur...