fees

The £1bn UK Commercial Property trust run by Ignis Asset Management has cut both its fees and its dividend in a move to a 'more sustainable policy'.

Treasury committee chairman Andrew Tyrie has accused the regulator of overcharging the advice community and asked for a refund of fees at today's grilling of chief executive Martin Wheatley and chairman John Griffith-Jones.

FSCS

The Association of Professional Financial Advisers (APFA) has said it hopes a new approach to funding the Financial Services Compensation Scheme (FSCS) will mean lower overall contributions from advisers in the long term.

The Financial Services Compensation Scheme (FSCS) has promised to be more communicative with the industry that pays for it.

Few advisers have lost clients as a result of changes to how they are paid, according to a survey suggesting a happier intermediary sector than this time a year ago.

FIVE THINGS

The Financial Conduct Authority (FCA) has set out plans to cut regulatory fees by reallocating advisers who have permissions to hold client money or safeguard and administer assets to different fee blocks.

The Association of Professional Financial Advisers (APFA) has written to the regulator to ask for a period of regulatory certainty to allow advisory firms to adapt fully to the Retail Distribution Review (RDR).

There are many traps that investors can unwittingly fall into. Investor website rplan outlines some of the most common mistakes: