21st May 2014, 03:25 PM
Hi All
Hope this is on vaguely topic. Is anybody aware of IFA data on RAO's that employ people who have to claim a reduced members fee (i.e. they are paid less than the expected wage for their membership level)? I ask because I seem to remember that after removing the requirement on RAOs to pay IFA minima they said that this practice would trigger an RAO audit. So presumably they are monitoring it?
Hope this is on vaguely topic. Is anybody aware of IFA data on RAO's that employ people who have to claim a reduced members fee (i.e. they are paid less than the expected wage for their membership level)? I ask because I seem to remember that after removing the requirement on RAOs to pay IFA minima they said that this practice would trigger an RAO audit. So presumably they are monitoring it?
Steven