Retirees ‘lack key’ life company charge details
As investment platforms call on industry and regulators to improve transparency
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
As investment platforms call on industry and regulators to improve transparency
Assets held over £1m will only be charged 0.1%
Just 12% are in favour of ongoing fees with most opting for a one-off structure
Proposed ban one of the few issues the regulator sought to address following platform market study
Large rises have ‘angered’ advisers who are turning to Treasury Select Committee for help
Lack of Brexit deal comes in tandem with some banks shutting accounts for Brits in EU
Consumers may be losing up to £100,000 due to costs and fees
‘Everyone is muscling in on the action’ but don’t be lured in by the cheapest providers
It believes costs are a barrier to people saving
Value assessments deem 1.24% fund fees too high
After it breached ‘fees for no service’ rules
Clients will now be charged a one-off lumpsum according to the service they need