Brooks Macdonald drops charges on £1bn MPS range
Total cost to clients could still hit 2% once advice and platform fees are added
Fees
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Vanguard cuts fees on 36 UK and Irish trackers
Average ongoing charges figure across entire UK fund range is now 0.2%
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SJP hits back at ‘fundamentally flawed’ charges report
UK wealth manager said it is ‘hugely misleading to the end client’
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SJP set for price war with Schroders Personal Wealth
But it could still be cheaper to use an independent adviser
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Raymond James to pay $15m for overcharging US investors
Retail clients overpaid fees because firms failed to review accounts
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UK taxman gets £59m less than expected from Qrops charge
But Treasury ‘will be pleased tax loophole has effectively been closed and further leakage prevented’
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Advisers split over regulator’s contingent charging proposals
Only 39% believe FCA changes will make a positive impact on the industry
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SJP hits back at ‘secret dossier’ amid fee criticism
Wealth manager panned for its client satisfaction surveys
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Investors do not understand advice costs or platforms
With some UK clients unaware that they are even paying fees
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Are high fees damaging the IFA sector?
A third of Brits say they would never pay for financial advice
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Pension committee urges UK regulator to ban contingent charges
But the FCA said more work needs to be done before it can intervene
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Wealth managers must ‘evaluate’ offering as clients jump ship
Survey by EY finds 66% of advice customers would have changed provider in six years