Adviser finds evidence of pre-RDR commission dash

Joss Harwood, founder of Durham-based Eldon Financial Planning, said she has found examples of "questionable advice" and "mis-selling" in the portfolios of five new clients. Three of the clients' previous advisers worked for banks, while two were independent practitioners, Harwood said. She said that, in each case, the clients have been damaged by advice that appears to have been given in a bid to maximise commission. From 1 January next year, product providers are no longer permitted to have any say in how much advisers get paid for their services. The move will effectively ban co...