RDR: FSA to ban commission for all GPP sales

clock

Advice on group personal pensions should be paid for on a fee basis, even if employees receive no individual advice, the Financial Services Authority says.

In its latest consultation paper, which outlines proposals for bringing the Retail Distribution Review to the GPP market, the FSA said commission should be banned for all firms. In future, emplo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: L&G's DC buyers' guide for private markets

Partner Insight: L&G's DC buyers' guide for private markets

Martin Dietz, Head of Diversified Strategies, L&G and Jayesh Patel, Head of UK DC Distribution, L&G
clock 10 July 2025 • 10 min read
DC schemes uphold net zero in spite of worldwide ESG backlash

DC schemes uphold net zero in spite of worldwide ESG backlash

DC schemes boosting weightings to funds with climate targets as managers exit initiatives

Alexandru Antoniu-Martin
clock 09 July 2025 • 3 min read
Partner Insight: Redesigning DC retirement

Partner Insight: Redesigning DC retirement

Paula Llewellyn, CEO, DC & Workplace Savings, L&G
clock 03 July 2025 • 4 min read
Trustpilot