The "flabbergasted" boss of a national IFA has revealed the business received an unexpected 200,000% increase in a fee payment from a provider following an accounting gaffe.
Friends Life paid 2plan Wealth Management £10m last month when it owed the firm about £5,000 in 'normal fee income'. When 2plan raised the accounting error with Friends Life, it appeared the provider...
One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
There are 1,840 asset management firms with £8trn AUM
RDR brought sweeping changes to adviser charging
New 'fee' feature
Ten key facts about the financial advice business
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