Finance minister Jan Kees de Jager wants to slash the fees which insurance companies and banks pay independent financial advisors, the Financieele Dagblad reports on Tuesday.

The minister is planning to introduce a legal ban on the payment of provisions on a large number of financial products, including mortgages, life insurance and pensions.
Instead, financial advisors should be paid directly by consumers. Damage insurance will not fall under the new regime.
The paper says the move is a complete turnaround in the regulation of the relationship between financial product providers and agents. The fee structure was liberalised in the mid 1990s and this year is expected to generate between €1bn and €2bn for agents, the paper said.
The aim of the ban is to ensure financial advisors only act in the interests of customers and are unswayed by generous bank payouts.
De Jager hopes to introduce the ban from 2013. Consumer groups, the Insurance company association and Adfiz, which represents agents, all support the move, the paper says.
De Jager, who is finance minister in the outgoing government, is set to stay in the job when the new administration takes office.