Commission hangover still hampers financial advice - research

This came despite the fact commission-based retail investment advice was banned as part of the Retail Distribution Review (RDR) in 2012. This perception of continued commission-driven bias was particularly evident among the 55 to 64-year old pre-retirement age group, Tilney pointed out, where this view was held by a quarter (26%) of those who had not sought out advice. Tilney commissioned a survey of 2,000 UK adults which found four-fifths (81%) had not sought professional financial advice. A quarter (26%) of those who had not sought out financial advice cited an unwillingness to p...