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F&TRC adds trail switch-off tool

Financial and Technology Research Centre has added information on when various providers will switch off trail commission to its Quality Analyser tool.

The tool, which is free to advisers, will now feature a “commission disturbance matrix”. This will allow advisers to compare the approaches of different providers to switching off trail commission.

It gives details on how commission will be turned off for the following products: pensions, collective investments, onshore bonds, offshore bonds and unit-linked life assurance.

F&TRC managing director Ian McKenna says: “The advisers we have spoken to say they are unclear as to what ‘disturbance events’ would trigger trail commission to be turned off, as different providers seem to have different rules.

“Whilst in many instances, the information may be available somewhere on provider and platform websites, the navigation of such sites and the location of this information will vary from company to company.

“This can be a major headache for the adviser, not to mention a considerable administrative time drain.”



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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Help, I have just tried to download the results and it’s not easy.

  2. @PaulWoolley my colleagues have tried to call you and have e-mailed. Happy to walk you through the system. Please call 020 3713 4567 if you would like some assistance.

  3. Thanks Ian, will try later today.

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