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Hide and seek

One has to question the motives, style and reasoning behind Towry’s latest advertising campaign in the Daily Telegraph.

I am bemused at the wording in the advert.

Since when has commission been “hidden” and who says time-based fees are fairer? Surely, both are open to abuse in equal measures?

Luckily for Thameside’s clients, we give them all the available options. What people need is a choice, not an implication that all commission is bad and somehow deliberately hidden from view.

Tom Kean
Thameside (Pensions & Investments)

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. I haven’t seen the ad but I have read many comments pointing out that a fee calculated as a percentage of the amount to be invested (TL’s apparently favoured methodology) is just commission with a different name stuck on it.

    Maybe this ad is justification for a complaint to the ASA, not least because we’ve had commission disclosure by statute for more years now than most of us old timers can remember.

  2. Pot and Kettle – What about the commission Towry receives on exisitng plans which they do not provide ANY service for? Is that hidden? Have they disclosed the fact they might be able to transfer the agency (and commission) to another adviser who might actually offset the renewal commission being paid on their histrorical plans against ongoing work? I doubt it.

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