Quilter Investors cuts fees on funds over £750m
It will apply to all but two of the firm’s UK domiciled strategies
It will apply to all but two of the firm’s UK domiciled strategies
Regulation is giving firms an opportunity to re-evaluate their charges
UK regulator sets out its business plan for 2023-24 financial year
Watchdog will continue to ‘focus on providing value for money and maintaining standards of excellence’
‘Targeting more wealthy clients’ and ‘fees will be too low’ are main arguments against the FCA’s plans
Following amendment to prohibit firms undertaking marketing on behalf of unauthorised businesses
As regulator looks to reduce sums paid by smaller firms and appointed representatives
And majority prefer to stick with face-to-face meetings
Watchdog will create 80 roles to help shut down firms that do not meet minimum regulatory standards
It alleges the company charged over A$4m in fees for no service
Watchdog expects to implement changes for 2022/23
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry