Coutts fixes advice fees
Clients will now be charged a one-off lumpsum according to the service they need
Fees
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Advisers have no ‘risk appetite’ to carry out DB transfers
With nearly half considering leaving the space within a year
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Advisers unite against ‘crucifying’ regulatory costs
‘We should not be paying for the sins of everyone else’ says IFA and Linkedin page co-founder
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SJP questioned over how it addressed FCA requirements
Firm creates confusion by using bundled fees to compare its funds to rivals without advice offerings
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IFA firm slams ‘incorrect’ portfolio switching article
After it was reported the company put customers into pricier poor-performing funds
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Advice firm sees 140% increase in regulatory fees
Industry needs to brace itself because ‘the prospect of any change soon is extremely unlikely’
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Six-in-10 advisers to cut DB transfer work after fee changes
Some 62% believe that the market will not be profitable going forward
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DB transfer contingent charging ban branded ‘confusing’
Overseas firms ‘exempted’ but non-FCA advisers shouldn’t be signing off pension transfers, says one CEO
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FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
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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