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&#39Fee increase may see 10% leave DBS&#39

DBS could lose up to 10 per cent of its members in the wake of last month&#39s 30 per cent fee hike, says a City analyst.

It claims Misys&#39 IFA operations will be hit by increased competition from IFA service providers such as Bankhall getting significant backing from major product providers.

The Commerzbank analyst&#39s report, seen by Money Marketing, warns passing on compliance costs of N2 will be met with resistance and “could see 10 per cent of its membership leave the network”.

It predicts a slowdown in Misys&#39 networks&#39 recruitment as the flow from direct salesforces to the IFA sector slows down under depolarisation.

A Misys spokesman says: “IFAs need a strong network to protect them in light of the potential regulatory changes. At some point there had to be a fee rise. You have to put up fees to give IFAs better service.”


Things aren&#39t always what they seem

April 15, 1967, Wembley: England 2 Scotland 3. Life is full of surprises.CP121 certainly contained a few. Now we are over the initial reaction phase, advisers and providers alike are sitting down trying to work out how they can be successful in the new world. The biggest surprise of all could be how wrong our […]

Franklin Templeton Investments – Franklin US Equity Fund

Wednesday, January 23, 2002.Type: Ucits.Aim: Growth by investing in US equities.Minimum investment: $5,000.Place of registration: Dublin.Investment split: 100 per cent in US equities.Isa link: Yes.Charges: Initial up to 5 per cent, annual 1.5 per cent.Commission: Initial 3.5 per cent, renewal 0.5 per cent.Tel: 020 7925 7171.

ABI expands media relations team

The ABI is expanding its press team. with the appointment of two new members.Emma Grainge joins from Marks & Spencer Financial Services and Leonie Edwards from Gavin Anderson & Company.Both will work alongside assistant media relations manager Malcolm Tarling and report to head of media and political affairs Alan Leaman.

Scottish Mutual flexes bond

Scottish Mutual has introduced a unit-linked bond that offers access to a range of 38 funds, including a with-profits fund and 23 external funds.The flexible investment bond allows investors to initially choose up to 10 funds from the range, which they can add to once the bond is taken out. The funds available cover a […]


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