NZ not following commission ban ... yet
A move away from commission is happening in many countries around the world - but not always with great success.
In Britain, it has been reported that many consumers are now struggling to get advice, a year after the ban was imposed.
Many financial advisers in Britain are believed to have stopped dealing with clients who have less than £100,000.
They say the cost of dealing with those clients had become too high for it to be worthwhile. That has prompted consternation among the country's MPs, who are worried about an "advice gap" at a time when people are being encouraged to save more for their retirements and to be more hands-on in doing so.
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