Fee transparency, 'safe' pension withdrawals and mortgages with the bank of Mum and Dad - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
How big a slice of your money are you losing in fees? Fee transparency among wealth managers, robo-advisers and DIY investment platforms comes under the microscope in the Sunday Times this weekend. Referencing "a damning dossier presented to the City regulator last week" by wealth manager SCM Direct, this article says a fifth of wealth managers offering traditional face-to-face advice, fewer than a third of do-it-yourself investment platforms and none of the 10 largest robo-advisers disclose the full cost of investing with them. The dossier suggested eight of 36 wealth managers present...
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