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’
Fees
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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
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Adviser fees and levies drop but life companies to pay more
UK regulator carves out £5m to pay for EU withdrawal
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Standard Life makes ‘aggressive’ platform fee cuts
Latest price cut ‘reverses the previous rises and then some’ to become more competitive in market
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Costly trackers enjoy last hurrah ahead of FCA changes
Virgin charges investors 1% for a tracker fund that fell more than 10% in 2018
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Aberdeen disappoints on fees as it overhauls trust
Asian Smaller Companies rebrands and promotes Hugh Young in raft of changes
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Aussie regulator reveals findings in ‘fees for no service’ case
Investigator concludes that Commonwealth Bank subsidiaries ‘took all reasonable steps’ to remedy clients