There are more discussions on costs just now than I can remember at any time, writes Brendan Llewellyn.
The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer Panel (FSCP).
Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.
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Consumers priced out of full advice may yet be able to seek the expertise of an adviser via a chargeable "dip in, dip out" information-only model, according to Cofunds distribution director Andy Coleman.
Total expense ratios (TERs) of 240bps for a combination of adviser fees, discretionary management charges, platform costs and fund manager fees are "unsustainable" and will likely be driven down, Schroders head of UK intermediary Robin Stoakley has said.
Robert Cochran, pensions expert at Scottish Widows,
For some advisers, auto-enrolment (AE) is an unprofitable drag on time and resources; for others, its a once-in-a-career opportunity. Here, two IFAs explain how they would approach AE advice...
Monetising the mammoth job of helping firms reach auto-enrolment staging is preventing advisers engaging with employers. But help is at hand...
Steve Webb’s move to ban commission and active member discounts is a ‘seismic’ shift for providers and will drive a completely new business model for advisers, Aviva has said.
Aegon UK is raising fund charges on 82 insured funds across the Aegon Retirement Choices platform and within One Retirement.
Lawrence Gosling, editorial director at Incisive Media, asks whether the rise of 'clean' fund pricing undermines the value of active management...
Alex Campbell, managing director at Campbell Harrison, on why promoting advisory services based on low charges is a risky business...
The Financial Conduct Authority (FCA) has set out plans to cut regulatory fees by reallocating advisers who have permissions to hold client money or safeguard and administer assets to different fee blocks.
In a new monthly feature, the CII’s David Thomson provides an update on the key regulatory events of the past few weeks and takes a look at what can be expected next.
The vast majority of advisers are operating percentage-based charging structures, a poll of more than 1,000 practitioners suggests.
Despite fears that consumers would be unwilling to pay for financial advice post the retail distribution review (RDR), AXA's latest Big Money Index has found that one in four consumers are willing to pay for financial advice, the same number as pre-RDR.
Advisers could actually be confusing clients in the post-Retail Distribution Review (RDR) world as their pursuit to find ‘right product’ gives customers too many options, delegates heard.
Trail commission has a "genuine and legitimate place" in adviser remuneration and the Financial Conduct Authority (FCA) would be wrong to ban future payments on undisturbed pre-Retail Distribution Review (RDR) business, according to Scottish Life.
Hargreaves Lansdown said the move to super clean share classes will not automatically lead to a "new normal" annual fund charge of 65bps, claiming it has already negotiated greater discounts with some groups.
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