£186bn in UK funds still paying IFA commission - study

clock • 2 min read

Almost £184bn of UK investor money is still sitting in retail funds that still pay commissions of some sort to financial advisers, according to an industry report. Research from Fitz Partners, states that despite efforts by the UK's financial services regulator, The Financial Services Authority, to stamp out potential conflicts of interest or accusations of overcharging, one in four funds are still paying commissions The UK financial advice market changed with the Retail Distribution Review (RDR) in 2013, that stopped funds from charging commissions, however the research from Fitz Par...

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Gary Robinson

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