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Fidelity FundsNetwork in fee pledge

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.

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FSA to shadow advisers in bid to educate staff

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 […]

Half of IFAs back trail cash

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&#39t. The survey was undertaken in light of the Treasury Select Committee&#39s report on long-term savings. […]

Norwich Union term and mortgage life insurance reprice

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. […]

Mortality gap on gender is slowly closing

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 […]

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