Just 7% of Brits paid for financial advice in past two years
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry
Fees
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Fee disclosure failures see NAB hit with A$18.5m fine
Misleading statements ’caused harm to customers’ says regulator
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Jersey trust company censured for cross charging clients
Fees were deducted but unnecessary services were provided – or none at all
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Aussie wealth manager revamps its financial advice model
It will give advisers ‘increased choice, flexibility and transparency with how they partner’ with the firm
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Vanguard unveils advice service for UK retirement savers
It ‘will be at an all-in cost of just 0.79%’
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Cheaper pension charges to make drawdown ‘more sustainable’
‘Small changes – just a fraction of 1% – can make a real difference’
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Retirees ‘lack key’ life company charge details
As investment platforms call on industry and regulators to improve transparency
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Fintech firm launches platform with inclusive DFM costs at 0.35%
Assets held over £1m will only be charged 0.1%
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Brits reluctance to pay for advice sparks ‘critical challenge’
Just 12% are in favour of ongoing fees with most opting for a one-off structure
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FCA abandons work on platform exit fees due to coronavirus
Proposed ban one of the few issues the regulator sought to address following platform market study
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IFAs lack ‘real lobbying group’ to fight ‘scandalous’ fees
Large rises have ‘angered’ advisers who are turning to Treasury Select Committee for help
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Battered British expats face stormy end to 2020
Lack of Brexit deal comes in tandem with some banks shutting accounts for Brits in EU