Scottish Life is set to close a commission loophole on its Talisman personal pension plan which allows wily IFAs to take full commission and boost clients' funds.
Last week, Money Marketing revealed how the loophole is caused by a combination of special offers on allocation rates and discount terms.
The offers mean IFAs can take full commission at 5.2 per cent on a single-premium contract without worrying about the consequences if clients surrender early.
Scottish Life loses out because it does not clawback commission on single-premium business.
But it is aiming to close the loophole. Marketing manager Alasdair Buchanan says: "Our actuaries are looking into changing the situation. Since it has been drawn to IFAs' attention we have become a little more concerned and the process is likely to be accelerated."