Adviser fees and levies drop but life companies to pay more
UK regulator carves out £5m to pay for EU withdrawal
Fees
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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
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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.