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Talkback

Should recognised professional bodies continue to get trail commission after N2 even though they will no longer be authorised to provide advice?

“Yes. When I retire, I will no longer be authorised but I would like to still receive trail commission.”

Michael Littlefield, Michael Littlefield & Associates

“No. If they are not giving advice, why should they get the commission? That type of commission is a promise to continue advising people.”

Kath Richardson, Kathleen Richardson

“No. You have to work for your money these days. If you are not going to work, you should not get paid.”

Tony Little, Blagdon Brown Financial Services

No. I believe that trail commission should be paid for the ongoing servicing and looking after the client. If they are no longer authorised, then they will not be doing that.”

Andrew Thatcher, JL Fisher Financial Services

“Yes. They did all the initial work, after all.”

Barry Prior,BG Prior

“Yes. Because when they set up the case in the first place, it was on the understanding that they would receive trail commission.”

Scott Clayson, Professional Financial Services

“No. Surely the same arrangement should not apply after N2. They should make alternative arrangements.”

Philip Milton, Philip J Milton & Company.

“Absolutely not. They are not performing any function or service for the client so why should they?” Allan Reece, Allan Reece Associates

Yes 38%

No 62%

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