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Life Insurance commission 'clawback'!

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  • ACG
    ACG Posts: 24,613 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The changes arnt coming into force for protection policies. Advisors can still be paid by commission on everything put investment backed products.

    As for what we would charge, ive never thought about it, but i know not many clients would be interested in paying me a fee i would see as appropriate. So for the vast majority they would prefer to pay a little extra each month and not have to worry about upfront fees.

    Less protection would be sold if people had to pay for it directly, which can only be a bad thing.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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