About two out of three financial advice clients receive ongoing services but only half understand what they are actually paying for, research from NMG has found.
Financial advice should be grouped by type of service and given price tags to break down the barriers consumers often face when shopping for it, Unbiased chief executive Karen Barrett has suggested.
Other Charging articles
Advisers could be worth up to 3% a year in net returns to clients, compared to what they could achieve on their own, according to research by Vanguard Asset Management. But the figures don't add up, says Clive Waller...
Hourly rates charged by advisers have fallen by 14% over the last year, research by adviser search website Unbiased suggests, putting rates in line with those charged before the Retail Distribution Review (RDR).
HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.
Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.
Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.
Nicola Brittain talks to NLP Financial Management's managing director about his non-traditional route into the advice industry...
Hargreaves Lansdown is taking aim at the low-end direct-to-consumer (D2C) discretionary market after announcing plans to unveil a portfolio management service in 2015 with a minimum investment below £10,000.
The price war in the passive space continues to rage but some providers are refusing to play ball, offering trackers with fees as steep as active funds...
Vanguard is to cut charges on 25 UK and Irish-domiciled funds, including its LifeStrategy range, as it responds to recent price cuts from other providers in the tracker space.
A simplified advice proposition its founder says is exhaustive enough to eliminate the need for face-to-face communication will charge clients about 1%.
Abraham Okusanya examines the adviser conundrum of benchmarking client portfolios...
Scottish Widows will continue to pay trail commission on workplace pension schemes until 2016.
Just under a fifth of advisory businesses have managed to transition all their clients to a pure adviser charging model, according to a 1,000-adviser survey.
National advice firm Positive Solutions said it is close to resolving an IT error which has left several advisers without pay for as many as four days.
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