Investors still pay commission despite not using brokers

Customers who avoid brokers and buy pensions and investment products directly from life-assurance companies are still being hit with commission of up to 10 per cent.

16th September, 2006

Customers who avoid brokers and buy pensions and investment products directly from life-assurance companies are still being hit with commission of up to 10 per cent.

The customer is charged commission even if they have already decided which product they want and do not require sales or financial advice, according to research by The Sunday Business Post.

It means that a customer investing a lump sum of €100,000 pays commission of between €5,000 and €10,000, even...

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