Results indicate a need for greater disclosure
Trailing commissions have become more important to advisors
Advisors are increasingly relying on trailing commissions as a source of revenue
Clients need to know how you're being paid, so don't put off the discussion
"Clients understand dollars. They don't always get basis points"
UK regulator concerned that firms are working out deals that could effectively bias advice to investors
Consumer advocate says the changes will drive greater transparency for consumers and, in the longer term, encourage competition
FSA is proposing a ban on all payments from product providers to platforms
Disclosure proposals require dealers to show clients annually what advisors are paid for products and services
Many countries are moving to abolish commissions, and Canadian regulators could do the same