Commissions data released following poll of professionals

A new dealing commissions matrix has been released for investors and investment professionals.

The data incorporates a survey of professionals from the Information Providers User Group, which asked them what they used money from client commissions for.

According to the matrix, fewer than 25 per cent of firms use the commissions for news services.

Historical analysis terminal products and data for research purposes proved more popular among the professionals, however.

Guy Sears, director of wholesale at the Investment Management Association, which released the matrix, said: ’Whether any service can be paid for out of client commission is a regulatory and commercial decision; and the fact that no or very few firms may pay for a service does not prevent a firm determining for itself that it can do so.

’The matrix is designed to help a firm ensure that its analysis that leads to such a decision is robust and whether re-consideration of previous decisions may be necessary.’ADNFCR-2318-ID-19167062-ADNFCR