Brewin Dolphin is set to reduce the costs on its Managed Portfolio Service (MPS) by £3m a year, as it moves the bulk of its investments with third-party managers from retail funds to segregated mandates.
The move will take place between February and May 2018, with the reduction passed on to advisers' clients through the ongoing charges figure (OCF) of the underlying fund holdings. Transaction costs are...
Retains platform and financial advice business
Divorcees more likely to be in debt
The aviation sector's constant evaluation of errors in order to improve safety should be applied to defined benefit (DB) schemes, as too many are repeating the same mistakes again and again, research has shown.
Includes income tax and loss relief