Aegon UK is raising fund charges on 82 insured funds across the Aegon Retirement Choices platform and within One Retirement.
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.
The average minimum investable amount set by advisers for their clients is almost £50,000, according to a poll of more than 200 practitioners.
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.