According to wealth advisers Towry Law, this change will make it easier for employers to get unbiased advice from their corporate advisers.
Andy Cowan, head of private and corporate clients at Towry Law, said: "This is great news for employers as it should lead to them receiving better quality, transparent and impartial advice on their employee benefits.
"The corporate pensions industry is largely focused on selling pension schemes to earn commissions, rather than providing client-focused solutions. We believe the only way employers can be sure of receiving independent pension advice is on a fee basis and we welcome any moves by the insurance industry that facilitate this."
Three pension providers stop paying commission to corporate advisers' for group personal pensions sales
Pension providers AXA, Friends Provident and Prudential have announced they will no longer pay commissions to advisers for selling their group personal pension (GPP) products.
