Charging

The Financial Conduct Authority (FCA) chief executive has said he is happy with the outcome of the Retail Distribution Review (RDR) but is still worried about the way advisers charge fees, especially if they are based on a percentage of assets.

The cost to small employers of setting up advisory services to help staff choose an appropriate annuity, as well as the lower profits available to advisers on small pots, are preventing employees from getting the best deal, the National Association of...

Reducing the base rate from its current historical low of 0.5% into negative territory "remains an option" for the Bank of England's Monetary Policy Committee (MPC), deputy governor Charles Bean has said.

THE FEES CHAT

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Aviva has introduced the option to add an on-going adviser charge to its new and existing investment bond contracts.

Some of the UK's largest fund houses are considering launching retail share classes with a 0% AMC rather than provide platforms with ‘super clean' alternatives.

Charging fees at 'implementation' - or where a product is purchased - is a legacy of the distribution system and should be ditched, a financial services expert has said.

ARMCHAIR CRITIC

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