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Firms still solving ‘nightmare’ cost reporting under Mifid II

Cost reporting under Mifid II continues to be the most challenging element for advisers when writing suitability reports, according to Pimfa director of regulation Ian Cornwall. Speaking at the Money Marketing Interactive conference today, Cornwall says charges reporting remains “the most difficult part” of Mifid II due to the lack of standardised templates. He says: […]

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Adviser use drives DFM assets and salaries skywards

As new regulation places increasing pressure on resources at advice firms, discretionary fund manager use has been steadily increasing in recent years. DFMs allow advisers to outsource their manager choices, fund selection and portfolio creation. According to Nucleus, model portfolios held on platform typically range in cost from 0.25 per cent to 0.45 per cent […]

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