Faolteam.Hi just wondering when my pension broker rings me up to see me every year and see how best to invest in commodities etc for pension is he getting a commision for this ?
Not really.I think the fact that the OP had to ask, shows the problem that still exists with a lot of brokers. It is not clear how they are renumerated for their work. Nobody expects anyone to work for nothing but there is still too much confusion.
Broker gives you good advice and a good product. said:I didn't dispute this at all
"How he gets paid is his concern.#" said:Really ? If part of the investment is used to pay the broker and that is not clear to the investor, then it is surely the concern of the investor.
You can always go to your (friendly) Bank ? And see what they have done on insurances! said:What relevance is this in discussing the issue ? Brokers need to stand on their own feet and not justify the problems by saying someone else in worse.