Anne-Marie Winton in Pensions Expert re Member-borne commission ban could move costs elsewhere
Anne-Marie comments in Pensions Expert on the draft regulation consultation, launched by the Department for Work and Pensions, on banning member-borne commission in auto-enrolment schemes.
Anne-Marie said even if members are not directly charged for commission on services, the cost must be levied from somewhere.
“If this means members are better off‚ it’s at the expense of someone else being worse off,” she said. “Does that mean the behaviour of the adviser might change?”
She then added: “If someone feels they are getting less than they used to, will they try to get that back in some other way?”
Read the full article in Pensions Expert here.
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