Why I turned down £21,000 (and will do so again) | This is Money

Why I turned down £21,000 (and will do so again) | This is Money

Andrew Neligan is an independent financial adviser at Surrey-based firm Informed Choice. He recently turned down £21,000 in commission to sell one product. Here he explains why...

I have recently completed some retirement advice work for a client. Nothing exceptional in that, it is something I do regularly.
However, what may surprise some people is that I could have earned £21,000 from the advice but chose not to. And, I will do so again.

£21,000 is what I could have earned as a commission payment from a product provider for recommending a particular product.

This is not an exceptional level of commission; it is standard with all providers and products they offer. My issue with this means of remuneration for advice is: ......