JFSC’s structure changes, trust company fees set to rise
The Jersey Financial Services Commission (JFSC) has announced changes to the structure, processes, and systems it uses to regulate the island’s international financial services industry.
Fees
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Schroders says segmentation rise could spark vertical integrator push
Investment IFA fees are creeping up and smaller clients are increasingly being shown the door according to the Autumn/Winter 2015 Schroders Adviser Survey.
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HSBC slashes fees on three index tracker funds
HSBC Global Asset Management has halved the fees on three of its main developed market tracker funds, joining a growing list of ETF providers cutting charges.
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OMGI revamps Generation range, removes income targets
Old Mutual Global Investors has removed the income targets from its Generation range of multi-asset funds, formerly run by John Ventre.
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Hargreaves Lansdown abandons independent model
UK investment manager Hargreaves Lansdown has changed its financial advisory service to a restricted model and removed the minimum investment requirement.
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UK Gov’t outlines defence against ‘excessive’ pension exit fees
The UK Government has proposed three solutions to combat “excessive” early exit charges on pension schemes following fears they are restricting access to the new retirement flexibilities.
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Vanguard cuts levy on LifeStrategy ETFs as price war rages
Vanguard has added another chapter to the fund price war by cutting the initial levy from its LifeStrategy range of index-linked funds.
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FCA rejects call for fee freeze, hikes adviser rates
The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.
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Canadian adviser fee review points to RDR-style change
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
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UK gov’t steps up reform pressure on pension industry
The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers.
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Eliminating commission conflicts a key driver of growth – Arbuthnot
Eliminating all potential conflicts of interest has been the lynchpin of why Arbuthnott Latham has grown as much as it has in the past ten years, says StJohn Gardner, head of investment management.
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Firms face 460m annual bill for regulation
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.