IFAs demand more transparent and flexible commision

Scottish Life, the pensions specialist arm of the Royal London Group, has released figures that indicate a growing demand for more transparent and flexible commission structures from IFAs and their clients.

The figures, which relate to individual pension business at Scottish Life, reveal that more than 75% of new business is currently written using the financial adviser’s fee remuneration option. The take up demonstrates the desire from advisers and their clients for more transparent and flexible commission structures.