Can we consider why insurance companies are willing to handle over a sizeable chunk of the annual fee to a broker?
Is this a response to claims of mis-selling?
It seems to be a bizarre decision - albeit that collectively the cartel just agrees to do this and the pensioner ultimately bears the cost - but wow, why not just advertise that you offer the best fee for asset management and administration (including PAYE etc), why bring in an intermediary at all?
Is this the case in other countries too? Why not sell directly?
Is this a response to claims of mis-selling?
It seems to be a bizarre decision - albeit that collectively the cartel just agrees to do this and the pensioner ultimately bears the cost - but wow, why not just advertise that you offer the best fee for asset management and administration (including PAYE etc), why bring in an intermediary at all?
Is this the case in other countries too? Why not sell directly?