Advisers revisit protection commission ban 'catastrophe'

Geoffrey Clarkson, executive director of the Tenet group, suggested it may be a move the FCA is willing to make, but pointed out it would be a "complete disaster" for the industry. The existing regulator, the Financial Services Authority (FSA), ruled out implementing a commission ban in protection in 2009, saying concerns about charging transparency are not prevalent in the insurance market. Rule changes brought about following the Retail Distribution Review, which were implemented at the end of last year, included an outright ban on commission payments to advisers recommending retail...