FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
Fees
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Insurers asked to waive fees and delay payments amid covid-19
To help clients who are struggling financially during the outbreak
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UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change
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Will the fee-based advisory model gain ground in Asia?
Recent regulatory developments are ‘worth watching’ as they can influence a larger shift in region
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Australian firm eyes blockchain for fee consent
Driven by consultation paper from regulator on greater disclosure
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Aussie regulator eyes greater advice fee disclosure
To implement recommendations of Royal Commission and enhance transparency
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Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
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Quilter platform tackles wealth transfers with family discount
As it updates its pricing model to ‘save money across generations’
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FCA must ‘act quicker’ against phoenixing firms
Momentum boss flags ‘staggering’ adviser fragmentation but says fees could rebound in 2020
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AMP to reduce superannuation fees
To provide ‘highly competitive wealth solution to help with retirement’
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Platforms can offer more than just low costs
Technology can help alert advisers when their clients really need them
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UK lifeboat scheme responds to criticism over extra levies
Financial advisers angry about paying thousands more with just 30 days’ notice