Commission

Companies | 5 Jun 18

DeVere USA has agreed to pay an $8m civil penalty stemming from its failure to disclose upfront commission of 7% to clients who were encouraged to transfer their UK pensions via a Qrops, the US regulator has announced.

Best Practice | 5 Apr 18

The Financial Conduct Authority (FCA) has “no immediate plans” to ban trail commission on legacy investment products, it has announced in a policy statement that looks to shake-up the asset management industry.

Asia | 29 Mar 18

IFA firms should “wrest control” of their businesses from life companies based on the Isle of Man before the Conduct of Business Code comes into force, the director of Thames River International has argued. A move described by one industry source as “dodgy” and a “stain on the industry”.

Best Practice | 23 Mar 18

In any service industry, the question of ‘when?’ can be just as important as ‘how much?’ when it comes to remuneration, explains Danny Knight, director at Old Mutual Wealth Multi-Asset.

Best Practice | 8 Nov 17

Nearly two thirds of financial advisers in the Middle East are still heavily reliant on upfront commissions in a much more pronounced way than other regions in the world, according to a poll in International Adviser’s regional digital editions.