15409680_mThe various difficulties are handled in the very right manner which is always done in the beneficial manner for the better steps done for the whole conveyancing process. If this is typically what is on offer from a wide range of companies, the IFA might opt for the former, which appears in line with the market norm rather than the latter where his initial commission looks on the high side compared to that he would have to disclose as the market norm (see specimen figures earlier).

The main reason for the successful process is that the process will get done in the legal ways with the best ways in the real estate field. The major possibilities are faced in the legal manner for the benefits that are faced in the real estate field by the conveyancers for making the whole process Settlement Agent done in the simple and legal ways ion the real estate field for making the simple process. We believe that this would become an issue only if the standard PV basis became significantly different from that actually being used by providers in general. It should not be an issue if one particular provider is out of step as the methodology is being used simply to arrive at a market comparator.

We recommend that this be analysed in greater detail if the FSA is minded to pursue approach C3.6. Another issue which needs to be considered is the difficulty of reflecting the common practice of paying a rate of initial commission which increases with the expected policy / premium term. It could be argued that this practice is not justified as the cost of advice at outset should not vary with the term till maturity. The adviser who does vary commission with term might then need to disclose a wide range of rates, or alternatively show the maximum, based on the longest term, to all clients, whatever their age or planned savings duration. Figures on this basis are unlikely to be meaningful to the consumer and could instead be misleading.

Alternatively, it could be argued that longerterm contracts tend to have lower premiums, meaning a higher percentage of AP for the longer-term contract may result in a broadly similar absolute amount. However, if no allowance is made of term related differences, we end up with a market norm band that is based on a weighted average of policies of different terms.

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