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448219
registered interest false more like this
date less than 2016-01-27more like thismore than 2016-01-27
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Financial Services: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what information his Department holds on the annual cost of commission and other charges levied by financial advisers during the sale of financial products to individuals in the last five years. more like this
tabling member constituency Tonbridge and Malling more like this
tabling member printed
Tom Tugendhat remove filter
uin 24453 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-02-01more like thismore than 2016-02-01
answer text <p>Adviser remuneration is regulated by the Financial Conduct Authority (FCA). Through the Retail Distribution Review (RDR), introduced at the end of 2012, the FCA has taken a number of steps to ensure that adviser remuneration on retail investment business is disclosed in advance of any services required. Product providers no longer have any influence over the remuneration received for advising on investments. Where commission remains on investments sold prior to the RDR, this will have been disclosed as required by the rules in force at the time the product was sold.</p> more like this
answering member constituency West Worcestershire more like this
answering member printed Harriett Baldwin more like this
grouped question UIN
24450 more like this
24451 more like this
24452 more like this
question first answered
less than 2016-02-01T15:35:36.247Zmore like thismore than 2016-02-01T15:35:36.247Z
answering member
4107
label Biography information for Dame Harriett Baldwin more like this
tabling member
4462
label Biography information for Tom Tugendhat more like this