Take commission out of the picture

It is unacceptable to be sold an unsuitable financial product purely because it pays your adviser more in commission

3rd July, 2010

It is just a year since the Financial Services Authority in Britain announced it was set to ban commission-based financial advice in a move that was seen as sounding the death-knell for the old style financial adviser industry.

There has since been no sign that the FSA is letting up on its proposals to ban financial advisers from receiving commission on products they sell to consumers, though it remains to be seen what happens now...

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