The Telegraph helps people find a pension transfer adviser, Coutts begins a 'price war' and managing savings in a time of crisis - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
One's bank is embroiled in a frightfully good price war… Coutts has begun a price war for wealthy investors, reports The Sunday Times, after lowering the cost of its wealth management service by about half as it seeks to compete with cheaper rivals. The wealth manager has scrapped its 1% implementation fee, and reduced its initial advice fee from a flat £3,000 to £2,400 - and customers can now pay a one-off £6,000 charge for financial planning, including tax, inheritance and pension advice, down from about £12,000. According to The Sunday Times, the move will be a challenge to big...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
