I would be grateful if I could enlist the help of your readers in answering a question - I include members of the FCA if they can help please.
The Personal Investment Authority introduced a number of rules for Independent Financial Advisers.
One rule was that we had to offer a client our services either by commission or by invoicing for fees incurred - the client’s choice. Please can someone tell me how the client is now better off having the choice removed?
I must be the unluckiest person in financial services because everyday I stumble across people who tell me they do not want to pay be fees and for most can see nothing wrong with commissions.
Julian Pruggmayer
Director
Financial Risk Management
Wolverhampton.
