ABI site focuses on paying for advice

The ABI has set up a section on its website dealing with paying for financial advice and the role of commission. Comments posted on the site will contribute towards the ABI’s consultation and a publication due early next year on how financial advice should be paid for.

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Regulation costs take 20% of commission

Regulatory costs typically eat up 20 per cent of commission and are so high that they should be disclosed under the payment menu, says Informed Choice managing director Nick Bamford.

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