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.
How to set a successful pricing model
Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.
'Unbelievable, flawed, ludicrous': Clive Waller savages Vanguard research on value of advice
Financial advisers could be worth up to 3% a year in net returns to clients, compared to what they could achieve on their own, according to peer reviewed research conducted by Vanguard Asset Management.
The departure of star managers may have hidden costs for investors "stampeding" for the exit, a wealth manager has warned.
Kames Capital chief executive Martin Davis has said a consumer group report that was highly critical of how fund managers charge fees is "over simplistic" and another "rant" from the body.
Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.
The Financial Services Consumer Panel (FSCP) is calling on the regulator to implement "radical, structural reform" of how fund managers charge investors, in a damning report on the problem of "cost opacity and control" in the industry.