Fidelity FundsNetwork has written to advisers assuring them it will not raise its fees in the foreseeable future. The move comes amid concerns the platform would follow Cofunds, which is set to raise its charges in the New Year. FundsNetwork has also linked to the Fairs, Plum and Marlborough Stirling IFA software packages enabling users to download clients holdings and valuation data straight into their back offices.
The FSA is to send staff out to shadow financial advisers, it was revealed at Money Marketing Live in Manchester this week. FSA group manager, themes, investment firms division Paul Rich says the regulator is to send staff into IFA practices for a week of “shadowing the adviser” in a bid to help FSA staff […]
The September Aifa survey on trail commission has found 51 per cent of IFAs believe trail commission should be received even if there is no evidence of ongoing service. Meanwhile, 39 per cent of the 374 respondents believe it shouldn't. The survey was undertaken in light of the Treasury Select Committee's report on long-term savings. […]
Norwich Union is repricing its term and mortgage life insurance as of October 4. Term assurance will on average decrease by 0.45 per cent. Mortgage life assurance – no options – will decrease on average by 1.67 per cent. Mortgage life insurance with guaranteed critical illness option will decrease on average by 3.8 per cent. […]
Male mortality is continuing to improve more quickly than female, according to results from the Continuous Mortality Investigation Bureau. The series of reports on the mortality experience of assured lives, annuitants and pensioners shows that men and women are living longer but the mortality gap on gender is narrowing slowly. Male rates for the main […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]