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79% of Wig firms say trail does not cover cost

Women&#39s IFA Group research shows that 79 per cent of member advisers feel trail commission does not cover the cost of serving existing clients.

The data shows 93 per cent of Wig respondents have never received negative feedback from a client concerning ren-ewal or trail commission and 91 per cent believe their clients would not prefer a one-off up-front fee with no trail instead of current arrangements.

The research, which looks at issues raised in a recent Treasury select committee meeting which condemned trail, found that 77 per cent took up a quarter of their working day servicing existing clients.

Three-quarters of respondents opt for less up-front commission combined with trail, with reasons cited as having a demonstrable stake in the fut-ure performance of a client&#39s funds and building a revenue stream for the business Wig chairwoman Fiona Price says: “Some advisers may give little or nothing in return for renewal but our members ref-lect the many IFAs who conscientiously provide an excellent service for their clients.”


LIA votes yes to merger with Sofa

The LIA&#39s extraordinary general meeting today on the proposed merger with Sofa came back with a resounding yes vote. Two thousand six hundred and sixty four votes (87 per cent) were in favour of the merger with just 414 against. Three thousand and seventy eight votes were cast. Sofa&#39s EGM is on Friday.

Barclays Global Investors – i-Shares DJ Eurostoxx Small Cap

Type: Exchange traded fund Aim: Growth by tracking the performance of the Dow Jones Eurostoxx Small Cap Index Minimum investment: Subject to negotiation with a stockbroker Investment split: 100% tracking the performance of the Dow Jones Eurostoxx Small Cap Index Place of registration: Dublin Isa link: Yes Pep transfers: Yes Charges: Annual 0.4% Commission: None […]

Farrow&#39s view

It is unlikely to outsell Harry Potter or get nominated for the Booker prize but Andrew Adams, a lecturer at Edinburgh University, is extremely proud of his new book The Split Capital Investment Trust Crisis. Not the sexiest of titles admittedly, but I suspect that lawyers may have had intervened if the words “magic circle”, […]

US equities at the centre of Isis and F&C&#39s new firm

The US equities desk is to form the heart of the investment business of newly merged F&C and Isis. The team has been thrust to the core of the merged firm, F&C Asset Management, which came into being on Monday. A global equities team of 13 is headed by Foreign & Colonial investment trust manager […]


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