'Commission ban could kill independent advice'

Scott, Tracey
July 2009
Money Marketing;7/2/2009, p3
The article reports on the warning made by consumer advocator Martin Lewis regarding the decision of the British Financial Services Authority (FSA) in implementing adviser charges in 2009 in Great Britain. Lewis stresses that the FSA's move will eliminate the independent financial advice in the country, because fewer people will pay for an advice. He adds that the commission payments system is better, because people sometimes get free advice when they ask for information.


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