AIFA welcomes trail commission clarification

The Association of Independent Financial Advisers (AIFA) has welcomed the FSA’s final guidance on ‘RDR Adviser Charging – the treatment of legacy assets’.

AIFA has continued to call for greater clarification from FSA on this important issue and believes the revised guidance makes it clear for advisers when trail commission can continue to be paid.

Chris Hannant, policy director at AIFA, said: “This is a positive step forward for advisers whose business models were under threat from the proposed changes. It is now clear that advisers can continue to receive previously agreed trail commission when topping up a previous product or switching within a product. This is a sensible outcome