The FCA has proposed a 4.2 per cent increase in adviser fees for the coming year. For the 2017/18 financial year, the A13 fee block, of which advisers and other intermediaries are part, contributed £77.1m in regulatory fees. In a statement accompanying its business plan for the year ahead this morning, the FCA has proposed […]
Jupiter Fund Management has seen a total £1.3bn of net outflows in the first three months of this year, according to its trading update this morning. The group attributes the majority of outflows to its fixed income strategies, which saw £1.1bn leaving the funds. However, in its yearly results published in February, the asset manager […]
New research reveals an interesting change in advisers’ top criteria. Advisers are becoming a lot more price sensitive when it comes to choosing platforms, according to recent research. One might also guess this is extending into other areas. Some important changes are taking place under the surface. Earlier this month, as part of a survey […]
The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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