fees

Hargreaves Lansdown is to drop the independent status of its financial advisers in favour of going restricted, and is overhauling its charging structure.

Transact has reduced charges on its platform and has lowered the threshold size of client portfolios eligible for lower annual fees from £180,000 to £150,000.

Fees charged by St James's Place (SJP) are under the spotlight once again, as the restricted advice firm reluctantly gives some answers to investors who are struggling to find out how much they pay for its services.

I can hear the crucifix being erected but hear me out

A handful of the UK's largest financial advice firms have decided to distinguish their businesses from rivals' by publishing their fees on their company websites.

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Is this lowly figure the advice profit margin of the future?

Single out what clients actually want and only charge for that, rather than 'pandering to the wealthy' with expensive packaged bank account-style add-ons, an advice firm has said, as it launched its 'manifesto' for the coming years.

The Money Advice Service (MAS) directory of retirement advisers will shortly include a display of adviser fees and charges to help consumers compare and contrast, following a delay, its chief executive Caroline Rookes has said.

Three quarters of advisers are using the wrong measures to compare fund costs, giving clients an inaccurate picture of the charges eating into their returns, according to research by Defaqto.