Commission ban may cause split

Jones, Lee
July 2009
Money Marketing;7/2/2009, p9
The article reports on the impact of the plan of the British Financial Services Authority (FSA) in banning commission and factoring approach to insurance product providers in 2009 in Great Britain. According to the plan, there must be an agreement of payment between IFAs and clients through adviser charging. It states that methods of payment, including fixed fee and an hourly rate are allowed for insurance firms.


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