Pre-RDR spike in GPP sales may be 'cause for concern', says DWP

A Department for Work and Pensions consultation has asked for industry views on whether in-built adviser commission on pension schemes should end. It said the Office of Fair Trading raised concerns that schemes containing built-in adviser commissions may continue to be used for current members, as well as being used for people automatically enrolled in the coming years. The DWP said these commissions may lead to scheme member detriment, because they created barriers to switching between schemes. The document said: "Advisers can continue to receive commission for current and future ...