FSA confirms GPP commission ban

Posted on Jun 28, 2010

The Financial Services Authority (FSA) has published a policy statement entitled "Delivering the Retail Distribution Review: Corporate pensions - feedback to CP09/31 and final rules".

The statement confirms that commission on all new group personal pensions will be banned under the retail distribution review from 2013 and reveals consultancy charges will be allowed, in its final rules on corporate pensions.