Sunday, 4 March 2012

'Regulator is on the right trail at last...'


'Better late than never, the FSA has offered some welcome clarity to the industry on how trail commission will be treated after the RDR.

In its legacy assets policy statement, published this week, the regulator makes clear that switches between funds within a bond wrapper, fund switches resulting from regular automatic portfolio rebalancing and new advice which does not lead to a change in product will not trigger an end to the trail agreement....'


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