Robo-advice, income drawdown and house prices - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
March of the robo-advisers From the array of issues contained in the FCA's asset management market study covered extensively in Professional Adviser last week, this Sunday Times article distils a simple enough message for consumers - that they could save a significant sum by using a robo-adviser instead of a traditional financial adviser. The lang cat founder Mark Polson is quoted as saying traditional wealth managers tend to charge around 2% to 3% while the online alternative could cost just 0.3% to 1.3% - and the article goes on to argue a seemingly small percentage difference could ...
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