FCA's McDermott: I would not rule out return of commission

No plans to reverse RDR

The Financial Conduct Authority (FCA) is considering bringing commission payments back in a limited form for certain retail products.

Acting chief executive Tracey McDermott (pictured) told BBC's Money Box programme that while the watchdog did not want to overturn the Retail Distribution Review (RDR) it was looking at its outright ban on commission linked to investment products. Speaking on Saturday, she said: "We do not want to go back to a world where we had the problems of the pre-RDR, what we do want to look at is actually what is the best way of delivering advice and guidance across the market so I would not rule out that there may be some element of commission, but we are not going to reverse the RDR." RDR ba...