12/01/2012 - Fifth Of IFAs Still Totally Commission Based

Fifth Of IFAs Still Totally Commission BasedFifth Of IFAs Still Totally Commission Based.

Research carried out by support provider Aim Two Three suggests that almost a fifth of advisory firms are still totally commission based, even though there is less than a year to go until it is banned outright.

A poll of advisory businesses found that 19.9% of firms are still 100% commission based, with just 8% of the firms operating purely on a fee basis.