Advisers hit out as Clerical axes trial - Niche Market Recruitment - Emu Consulting

Clerical Medical has stopped paying trial commission to the IFAs of several hundred clients after concluding that the advisers are no longer offering a continued service.

Advisers have hit out at the move, suggesting that Clerical has been heavy-handed in its actions and could be using the situation to retain the trial commission for itself.

Clerical Medical recently contacted 2,000 customers to check their personal details and ask if they still used an IFA.

If the client said that they no longer actively deal with an Adviser, Clerical wrote to the IFA telling them they will no longer get trial commission on the product.