This week's news... condensed

Honister IFAs' commissions sold in 'groundbreaking' deal Arguably the biggest and most surprising story of the week was the sale of advisers' commissions by Honister Capital administrator Grant Thornton to corporate advice firm, MacRobins. The move will see some IFAs forced to pay more than 50% of commissions to novate clients to another firm. Only courts can decide on Honister trail ownership - lawyer This follow up story looks at the problem of ownership of trail commission following the sale. Regulatory legal lawyer Dexter Perrott said that this ‘ownership' is a legal grey area t...