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.
Fees
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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.
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uk advisers falsely claiming independence
An early Financial Conduct Authority review into the adjustment to the RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
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rdr to push financial advice away from consumers
Research from Deloitte shows distributors will have to work harder to get their products out to consumers who are being turned off financial advice as, from 1 Jan next year, they have to pay for it.
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Europeans pay more for their funds: Lipper research
Europeans pay more for their investment funds than US investors do, owing to higher distribution fees and other costs, according to a report by Lipper FMI, the funds research organisation.