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ABI steps up indemnity commission debate

The ABI is commissioning further research into indem-nity commission, claiming the debate has not moved on following the recommendations made by Charles River Associates earlier this year.

Deloitte has been brought in to devise possible alternatives for the commission structure after the ABI consultation launched alongside the CRA research.

ABI life and pensions director Chris Kenny says the action is not being instigated to stave off any regulatory intervention but claims it will benefit providers and advisers if intermediaries can build more resilient financial models reliant on recurring rather than up-front income streams.

Deloitte is expected to de-liver its analysis by the end of the year and the ABI will formulate the next stage of its work on the issue by Easter.

Kenny says: “Respondents in our consultation process all mentioned indemnity commission but did not come out with any detailed models.”

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