• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
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E

Emma Spencer

Member
Hi
A general question:

In distribution channel related questions, is it still ok to refer to commission?
Should we make a point about adviser charges?
And when comparing the risks and rewards for each distribution channel should we make this clear in our arguments for and against IFAs?

Thanks

Em
 
Hi Emma

Protection products are currently out of scope for the Retail Distribution Review. The changes are only going to impact investment products. So, it's fine to mention commission in your answers in ST1 :)

Remember as well that ST1 is non-UK specific and even if a change was made in the UK, other markets would not be impacted.

You might want to mention the risk of more stringent disclosure requirements being an added risk for the broker channel compared to others.

Thanks
Sarah
 
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