Brokers that share commission OFF platform?

chris1

Are there any brokers / IFAs left who will share commission on funds held directly with product providers, outside an ISA?

Thanks

dunstonh

Commission is in the process of being banned. It already is for adviser cases. Where a commission is rebated, that is now taxable.

As IFAs dont take commission any more, there is nothing to rebate. It is all moving to explicit charging instead.

chris1

dunstonh wrote: »

Commission is in the process of being banned. It already is for adviser cases. Where a commission is rebated, that is now taxable.

As IFAs dont take commission any more, there is nothing to rebate. It is all moving to explicit charging instead.

I know, but there's at least another year to go and what I am asking is whether there are any brokers who will rebate existing commission on legacy funds which are held outside an ISA, directly with the fund management group. For example, by registering the new broker as the new 'agent'.

Rollinghome

chris1 wrote: »

Are there any brokers / IFAs left who will share commission on funds held directly with product providers, outside an ISA?

Thanks

Yes, as far as i know, all of those who offer rebates on funds in ISAs offer the same rebates on the funds outside of an ISA. Non-ISAs are less work for them. Some brokers don't charge an account fee for non ISAs but do for ISAs.

CavendishOnline rebate the whole of the commission on funds whether held inside or outside of an ISA. http://www.cavendishonline.co.uk/investments/

dunstonh

I know, but there's at least another year to go

Non-advised platforms have another year. IFA platforms are already there as they moved ahead of the platform review due to RDR.

The tax issue is already here for both advised and non-advised.

chris1

Rollinghome wrote: »

Yes, as far as i know, all of those who offer rebates on funds in ISAs offer the same rebates on the funds outside of an ISA. Non-ISAs are less work for them. Some brokers don't charge an account fee for non ISAs but do for ISAs.

CavendishOnline rebate the whole of the commission on funds whether held inside or outside of an ISA. http://www.cavendishonline.co.uk/investments/

Thanks for replying, but I am asking for brokers who will rebate commission for funds held OFF PLATFORM, i.e. not Cavendish as they require the funds to be held on the Fidelity platform. I'm talking about funds held directly with the product provider, where a broker is the 'agent'.

For example, the XYZ Growth Fund, by fund manager XYZ, which is held directly by XYZ, not on a platform, not in an ISA, and broker ABC Brokers Ltd is the 'agent'. I'm looking for DEF Brokers Ltd who will rebate some or all of the commission.

Any ideas?