Standard Life makes ‘aggressive’ platform fee cuts
Latest price cut ‘reverses the previous rises and then some’ to become more competitive in market
Fees
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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
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Clients ‘in the dark’ after tax-planning firm closes
Universal Wealth Management advised clients to transfer assets to trusts to avoid care home fees
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International advisers more confident about fee transparency
Almost half of advisers have already transitioned their business model to take less upfront commission
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Investment advisory fees fall 5%
But still up 11% from 2015 level
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UK politicians prepare to pick apart adviser charges
The Pension Costs and Transparency inquiry will put charging models under the spotlight
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Phoenix takes £68m hit on charges and exit fee overhaul
Changes are not a result of recent criticism, Phoenix Life chief executive tells International Adviser
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Western Europe to go fee-only predicts deVere
DeVere Group’s James Green has said the firm is planning for a fee-only future, predicting that western Europe will move entirely to this form of remuneration ‘within five to 10 years’.
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End the fixed fee ‘gravy train’, says Morningstar’s Ptak
The time has come to offer investors a fairer deal and drop the fixed fees set by funds and replace them with performance-based charging, Morningstar’s head of global manager research Jeffrey Ptak has said.
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St James’s Place fails on disclosure says UK consumer watchdog
Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.