Commission the 'driving force' behind mis-selling

He said commission was the "driving force" behind misrepresentation in the industry and had been behind some of the biggest mis-selling scandals seen in the last 25 years. The Retail Distribution Review (RDR) outlined new requirements banning the payment of commission from provider to adviser in retail investment. However, the rules, which come into force from next year, do not apply to other sectors of financial services. "Commission will remain for insurance products and the FSA has made it clear that it won't be banning commission on the sale of mortgage products," Lewis said. "...