Pensions minister Steve Webb's move to ban commission and active member discounts (AMDs) is a "seismic" shift for providers and will drive a completely new business model for advisers, Aviva has said.
The provider said the legacy audit of schemes (PP Online, 6 November), recommended in the Office of Fair Trading (OFT) report into defined contribution (DC) pensions (26 September), would identify ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
