fees

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.

Consumers are overwhelmingly unwilling to pay for fee-based financial advice, according to a YouGov poll, with some expecting to pay as little as £10 per hour.