Rise of ‘blended’ advice charges expected in 2020
And ‘off to the naughty step’ for those not complying with Prod
And ‘off to the naughty step’ for those not complying with Prod
‘I have not met anybody yet who can completely clearly articulate how it works in a sentence’
As long as clients stick with automatic investing and don’t trade
Bank has set aside more than A$2bn for customer-related compensation
One firm argues it fuels a culture of ‘complacency and inefficiency’ – but not everyone agrees
As it reduces and simplifies charges for customers using its Wrap platform
As it tackles ’emotive subject’ of fees: ‘We don’t expect advisers to be charities’
‘Nature of the increases means that small firms should not be disproportionately affected’
It is ‘unreasonable for other fee-payers’ to continue to bear rising costs
Some 5,000 client accounts in its Hong Kong wealth arm were affected
Majority think independent financial advice provides the best returns for their money
Total cost to clients could still hit 2% once advice and platform fees are added