D
Dan Murray
Guest
Just curious about something.
My understanding is that in the UK, financial advisers can no longer take commission on , say, pension products. So my questions are:
1. Are the Irish authorities looking at implementing similar regulations? (and if yes, how far along are they?)
2. In the UK, can an adviser have his charge paid by the investment manager/insurer - i.e. where there is an explicit agreement with the client that x% of the fund is paid in fees each year or is this deemed commission?
3. In the UK, is it allowable for an adviser who uses a platform investment structure in which the total charge paid the client is a combination of the platform fee, the specific fund fee and the adviser's fee?
In essence, what I'm trying to establish is whether an adviser can obtain income as a % of the fund under management in either or both of the scenarios set out in points 2 and 3 above?!
My understanding is that in the UK, financial advisers can no longer take commission on , say, pension products. So my questions are:
1. Are the Irish authorities looking at implementing similar regulations? (and if yes, how far along are they?)
2. In the UK, can an adviser have his charge paid by the investment manager/insurer - i.e. where there is an explicit agreement with the client that x% of the fund is paid in fees each year or is this deemed commission?
3. In the UK, is it allowable for an adviser who uses a platform investment structure in which the total charge paid the client is a combination of the platform fee, the specific fund fee and the adviser's fee?
In essence, what I'm trying to establish is whether an adviser can obtain income as a % of the fund under management in either or both of the scenarios set out in points 2 and 3 above?!