DB transfer contingent charging ban branded ‘confusing’
Overseas firms ‘exempted’ but non-FCA advisers shouldn’t be signing off pension transfers, says one CEO
Fees
-
-
FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
-
Insurers asked to waive fees and delay payments amid covid-19
To help clients who are struggling financially during the outbreak
-
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
-
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
-
Australian firm eyes blockchain for fee consent
Driven by consultation paper from regulator on greater disclosure
-
Aussie regulator eyes greater advice fee disclosure
To implement recommendations of Royal Commission and enhance transparency
-
Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
-
Quilter platform tackles wealth transfers with family discount
As it updates its pricing model to ‘save money across generations’
-
FCA must ‘act quicker’ against phoenixing firms
Momentum boss flags ‘staggering’ adviser fragmentation but says fees could rebound in 2020
-
AMP to reduce superannuation fees
To provide ‘highly competitive wealth solution to help with retirement’
-
Platforms can offer more than just low costs
Technology can help alert advisers when their clients really need them