fees

The Association of Professional Advisers (APFA) has today urged the Financial Conduct Authority (FCA) to re-think its proposal of fees for the coming year, claiming that advisers were hit disproportionately hard.

Charging fees at 'implementation' - or where a product is purchased - is a legacy of the distribution system and should be ditched, a financial services expert has said.

High Financial Services Compensation Scheme (FSCS) levies are the result of legacy industry issues and will "begin to fall within two years", according to AWD Chase de Vere communications director, Patrick Connolly.

While mortgage rates have fallen, the average fees charged on homeloans have hit their highest level for 25 years.

The Association of Professional Financial Advisers (APFA) has called for the fees charged by the Financial Conduct Authority (FCA) to reflect the recent drop in adviser numbers.

FEES

An overwhelming majority of consumers think investment and pension fees should be subject to a transparency law, according to a survey released today.

The Financial Services Authority (FSA) should tighten up the way some providers market their services, according to one adviser who says he is continually bombarded by providers pushing commission.

Investors should stop paying "extremely high fees" for performance which on average falls in line with the markets, a leading think tank has said.

Almost 40% of UK adults would "never consider" using a professional financial adviser, a study commissioned by the Financial Services Authority (FSA) suggests.