What is the minimum annual commission per registered individual?

Zero. If you do zero you will be loved by compliance! The less you do the lower the risk you represent and the less work that we have to do. Pressure to deliver results has been catastrophic for our industry and we are keen to stand up for those who do very little new business. In practice these IFAs present us with fewer file checks, lower PI and FSA/FSCS Costs, and less risk. There will be no pressure on you to deliver results. The key matter that concerns us is compliance.

That said, giving advice for a nil fee does not represent a nil risk. In fact our own statistics show that this "goodwill" area is the most contentious of areas because a nil fee is usually charged to family and friends and very often they turn against you if the work was not done well enough ("…and I was only doing them a favour"!)