View more on these topics

RDR: FSA mulls commission for basic advice for stakeholder pensions

The FSA has revealed that it will consider proposals to allow the payment of commission on basic advice for stakeholder pension members.

In the FSA’s consultation paper on delivering the retail distribution review, it says that while commission payment on basic advice for stakeholder members will be forbidden for now, it will consider lifting the ban when it publishes the RDR policy statement at the end of Q1 2010.

The FSA says: “Respondents suggested that the current infrequent use of the ‘basic advice’ method of distributing stakeholder pensions could increase significantly if the proposal within the RDR proposals to allow commission on sales made that way was implemented.

“We will consider the use of basic advice in the wider stakeholder product marketplace.”



Sally Laker: Reasons to be cheerful

Reasons to be cheerful for those of us in the mortgage market may have seemed few and far between over the last couple of years but we are starting to see some tentative signs that things can only get better.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Five years to reach what we all knew at the time!!!!

    Lord help us, how much has it cost, and who pays in the end, the very people in whom this lot were meant to “build confidence”!

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm