In the wake of the financial crisis, several countries are to ban commission payments to improve the quality of financial advice. This paper investigates the potential impact of commission bans on the source and quality of financial advice. To this end, we extend Inderst and Ottaviani's (2012)...

I study agency problems between brokers and investors in the retail bond market. Thepresence of suitability or fiduciary regulations, which govern transactions in this setting, canlead to tensions for brokers between maximizing their own profit and acting in the best interestsof their customers....

We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...