UK chancellor George Osborne has announced plans to introduce legislation to give the Financial Conduct Authority (FCA) the power to cap excessive early exit charges for those eligible to access their pension pots under the new pension freedoms.
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.
Investment IFA fees are creeping up and smaller clients are increasingly being shown the door according to the Autumn/Winter 2015 Schroders Adviser Survey.
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.
Old Mutual Global Investors has removed the income targets from its Generation range of multi-asset funds, formerly run by John Ventre.
UK investment manager Hargreaves Lansdown has changed its financial advisory service to a restricted model and removed the minimum investment requirement.
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.
Vanguard has added another chapter to the fund price war by cutting the initial levy from its LifeStrategy range of index-linked funds.
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.
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.
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.
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.
