publication . Other literature type . Article . 2017

Why Banning Embedded Sales Commissions Is a Public Policy Issue

Henri-Paul Rousseau;
Open Access English
  • Published: 27 Jul 2017
  • Publisher: The School of Public Policy Publications
Regulatory authorities have consulted on the option of banning embedded sales commissions for Canadian financial advisors. Such an action would create more problems than it would solve. It would have serious ramifications for Canadians’ access to financial advice and raise issues of choice, industry concentration and price transparency for clients seeking advice on investments and retirement. Financial advisors have much greater knowledge of investments than their clients, who rightly expect value from their advisors’ services. Advisors may also face conflicts of interest when they make recommendations about a financial product whose manufacturer might be paying...
free text keywords: Political institutions and public administration (General), JF20-2112
Science and Innovation Policy Studies
Any information missing or wrong?Report an Issue