Vanguard cuts fees on 36 UK and Irish trackers
Average ongoing charges figure across entire UK fund range is now 0.2%
Average ongoing charges figure across entire UK fund range is now 0.2%
UK wealth manager said it is ‘hugely misleading to the end client’
But it could still be cheaper to use an independent adviser
Retail clients overpaid fees because firms failed to review accounts
But Treasury ‘will be pleased tax loophole has effectively been closed and further leakage prevented’
Only 39% believe FCA changes will make a positive impact on the industry
Wealth manager panned for its client satisfaction surveys
With some UK clients unaware that they are even paying fees
A third of Brits say they would never pay for financial advice
But the FCA said more work needs to be done before it can intervene
Survey by EY finds 66% of advice customers would have changed provider in six years
UK regulator carves out £5m to pay for EU withdrawal