Jill Insley on the mis-selling scandals that won't go away Money The Observer: "Commission is paid by the provider to the adviser - but don't be under any illusions: the money is coming out of your premiums, and can have an enormous effect on what you get when you cash in an investment, pension or policy."
The ABI told HM Treasury as much, it said 40% of all expenses was commission, we proved that it was less than 1.5% over the life of the contract. What did HM Treasury (Angela Eagle) say about that? Nothing!
Evan Owen
The IFA Defence Union
www.ifadu.co.uk
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