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Talkback

Should IFA commission be capped?

“Yes, on certain things such as large investments of over £1m but not

on group pensions where there is a lot of paperwork involved. If they are

going to cap commission, they should set a minimum level, too.”

Roger Moore, Complete Asset Management

“No. I understand Sandler looking at it but as long as clients know what

is being paid, then I cannot see a problem.”

Nigel Curry, Griffin Steel & Co.

“Yes. If there are different levels of commission, an adviser might be

swayed to choose one particular product.”

Helen Wilebore,Newton Davis & Co.

“No.The amount we get at the moment is just-ifiable. Perhaps it is a bit

generous in some casesbut there is nothing to stop the IFA rebating it to

the client.”

Edwin Forsythe, Forsythe Financial Services

“Yes, for consumer protection.”

Gary Tse, GT Financial

“No. It is anti-competitive and goes back to the reasons why it was

uncapped back in 1988.”

Michael Saunders, Michael J Saunders

“No because although it might well be too high, with this Government in

power, it will use the slightest excuse to put us out of business.”

Stephen Foreman, Grainger Co Financial Services

“No I don&#39t think commission should be capped. I think the IFA should have

the choice to rebate the customer.”

Annette Smith, Annette Smith Grapevine (IFA)

yes 37%

no 63%

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