Charging

        Clients ‘unaware and unclear’ about ongoing services charges

        Professional Adviser | 16 Dec 2014 | 10:37

        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.

        advice2
        barrett-karen

        Advice needs to be ‘commoditised’ to attract consumers - Unbiased

        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.

        Professional Adviser | 16 Dec 2014 | 07:59
        No more snowflakes why enterprise application design needs to change in the age of cloud

        Advisers brace for income cold snap

        The festive period is predictably slow for advised business, but research suggests the drop in income can be significant.

        Professional Adviser | 12 Dec 2014 | 10:08

    Other Charging articles

      cover-websize-355

      'Ludicrous': Consultant savages Vanguard value-of-advice research

      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...

      Professional Adviser | 09 Dec 2014 | 12:08
      barrett-karen

      Unbiased: Hourly advice fees drop 14% to pre-RDR levels

      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).

      Professional Adviser | 10 Nov 2014 | 10:23
      HSBC

      HSBC to review pension transfers following FOS trail ruling

      HSBC is to review historical pension transfer cases to see if it is earning trail income for ongoing advice it is not delivering.

      Professional Adviser | 16 Oct 2014 | 13:35
      hsbc-canary-wharf

      HSBC ordered to refund trail commission to retiree

      Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.

      Professional Adviser | 13 Oct 2014 | 07:45
      pension-file

      Old Mutual Wealth scraps drawdown fee and minimum investment charge

      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.

      Professional Adviser | 09 Oct 2014 | 11:08
      adam-katten

      From accountant to adviser: PA award winner Adam Katten's road to success

      Nicola Brittain talks to NLP Financial Management's managing director about his non-traditional route into the advice industry...

      Professional Adviser | 02 Oct 2014 | 12:57
      cox-danny-hargreaves-lansdown

      A rival to Nutmeg? Under the bonnet of Hargreaves' D2C discretionary service

      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.

      Professional Adviser | 03 Sep 2014 | 12:37
      money-pound-notes

      Passive price war: Five of the most expensive UK equity trackers

      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...

      Professional Adviser | 02 Sep 2014 | 16:10
      Vanguard logo

      Vanguard cuts charges on 25 funds as tracker price war hots up

      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.

      Professional Adviser | 28 Aug 2014 | 12:45
      percentage-fix

      IFP board director reveals charges for simplified advice business

      A simplified advice proposition its founder says is exhaustive enough to eliminate the need for face-to-face communication will charge clients about 1%.

      Professional Adviser | 26 Aug 2014 | 09:42
      rory-percival-new

      FCA warns firms on 'self-defeating' transactions

      The Financial Conduct Authority (FCA) is reminding advisory businesses to beware "self-defeating transactions" when totting up the total charges clients are being asked to pay.

      Professional Adviser | 14 Aug 2014 | 09:40
      abraham

      Investment Committee Insider: Good (and bad) adviser benchmarks for client portfolios

      Abraham Okusanya examines the adviser conundrum of benchmarking client portfolios...

      Professional Adviser | 12 Aug 2014 | 10:40
      epayments-istock-000015237253medium

      Adviser charging: Life after ‘three-plus-a-half'

      An innovative charging structure can transform a business but adapting to a change in fees is not easy. Nicola Brittain talks to four advisers about the rationale behind their strategies

      Professional Adviser | 07 Aug 2014 | 12:19
      widow

      Scottish Widows will pay workplace pension trail until 2016

      Scottish Widows will continue to pay trail commission on workplace pension schemes until 2016.

      Professional Adviser | 07 Aug 2014 | 10:00
      black-friday-checklist

      Full disclosure: Does your firm measure up?

      With an ‘unacceptable' number of firms failing to provide adequate details of their costs and services, Compliance First's Aileen Lynch offers her tips to ensure communications are up to scratch

      Professional Adviser | 05 Aug 2014 | 07:16
      percentages

      Vanishing trail: Fifth have moved all clients to adviser charging

      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.

      Professional Adviser | 01 Aug 2014 | 14:59
      Overdue payment

      National adviser close to resolving commission payment delays

      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.

      Professional Adviser | 01 Aug 2014 | 11:41

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