Monday February 17, 2020

Crunch time for finance advisers' commissions?

Will Ireland follow Britain's move in scrapping payment of financial advisers by commission, asks Personal Finance Correspondent Emma Kennedy.

13th January, 2013
The commission model remains more prominent in Irish financial services. Photo: Thinkstock

Amassive overhaul of the market for financial advice in Britain means commission is now a thing of the past, thanks to a clampdown on the misselling of financial products. But is the Irish market likely to follow suit?

New rules came into force in Britain on December 31, and financial advisers there can no longer receive commission from companies for selling their products. Instead of advisers being paid by commission, customers now face fees for...

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