fees

Tom Robinson, an economist at RGL Forensics, explains why the FSA has got it all wrong when it calculates IFAs’ contributions to its annual fees…

Advisers expect a surge in demand for ETFs this year, as the Australian market moves from commission based selling to fee for service models, according to Russell Investments.

A new way of calculating IFAs' share of the FSA's annual fees which would see intermediary firms pay a third of current estimates in 2010/11 has been put to the regulator by the Association of IFAs (AIFA).

Product providers will not be required to monitor the effect on their products of the levels of adviser charges deducted, the FSA confirms today.

The majority of consumers will only be prepared to pay for investment advice as a percentage of the amount invested and will not part with more than 3% as an initial fee, industry figures say.

National IFA 2plan Wealth Management is set to hand its 200 advisers what it calls a "radical" alternative to its standard client service agreements.

Evercore Pan-Asset Capital Management has slashed fees for investors buying its PanDynamic funds at launch, in order to entice IFAs into its retail ETF range.

Adviser fee-blocks could be merged in the 2011/12 financial year, with potential cost implications for IFAs.

General insurance brokers could be hit with a £20m bill from the Financial Services Compensation Scheme (FSCS) and a further £40m hike next year as the fallout from payment protection insurance (PPI) continues.

The amount of FSA funding paid for by IFAs will fall by 8% to £40.2m in the upcoming financial year.