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Lack of 20/20 vision on charges

I noticed recently that a fund company was increasing the annual management charge on some of its funds from 1.25 per cent to 1.5 per cent.

Being an IFA, I realised (after some time) that this was a 20 per cent increase in costs.

Why is it (here comes a rhetorical question) that people such as the members of the Treasury select committee do not question that sort of increase but would like to reduce our earnings at every level and opportunity?

Some might say it is because they want to keep their alternative employment boltholes open. I could not possibly comment.

David Barnett

DPB Independent Financial Services,

Edgware, Middlesex


Triple alliance boosts buyout value for IFAs

Wealth management consultancy N-Able has launched a buyout package for IFAs in partnership with wrap provider Ample and Dutch manager of manager firm Insinger de Beaufort. The service, revealed at the Sway investment conference in Monaco last week, is part of a new investment outsourcing proposition from the three partner companies which is presently running […]

MERGER EDGE: Mark Ommaney

I am glad that the details of the proposed merger have now been mailed to LIA and Sofa members so that we can debate the specifics of the plan. We have been pleased to see an energetic discussion developing in the press over the past few weeks but the fact is that, with the fine […]

Trade body is being set up for mutual insurance companies

A trade body for mutual insurers is set to be launched this week. The new body, which is understood to be called the Association of Mutual Insurers, is believed to be headed by International Co-operative Mutual Insurance Federation chief executive Shaun Tarbuck. The launch comes as a cross-party group of MPs – the all-party group […]

Genesis finds solution to fee problem for ARs

Mortgage network Genesis says it is the first network to come up with a solution to planned FSA rules which require any mortgage appointed representatives calling themselves independent to offer a fee option. Genesis has previously highlighted a problem where its says most brokers had assumed that any procuration fee rebated to the client would […]


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