View more on these topics

Skandia launches adviser charging structure

Skandia has started taking applications for adviser charging through its platform.

Skandia Investment Solutions will enable advisers to sign up customers to adviser charging which allows monetary or percentage charges via initial, regular, switch and adhoc fees.

The charging structure comes under Skandia’s current capped limits of 4.5 per cent initial, 3 per cent switching and 1.5 per cent for ongoing.

Advisers can sign clients up to the new structure now and they will be moved to adviser charging on December 31.

Skandia marketing director Nick Dixon says: “The move to adviser charging must align four key principles and advisers should check whether their current arrangements with other platforms will be adequate post-RDR.”

Recommended

What Advisers Are Saying- retirement risk

Like much in life, research is really about the questions you ask. When asked by the Public Library of Science to distinguish from viewing faces whether the person was heterosexual and homosexual, volunteers were able to do so in just 50 milliseconds (a third of the time it takes to blink). Accuracy remained greater than […]

5

Aegon: FSA projection proposals risk misleading customers

Aegon has warned the FSA’s proposed maximum pension investment projections will force providers and advisers to undervalue potential future returns. Earlier today, the regulator confirmed plans to reduce the projection rates providers and advisers are required to use to illustrate possible future investment returns to customers. Currently, firms must project three different rates of return […]

Threadneedle adds to fixed income team

Threadneedle has made two senior hires for its fixed income team after the recent restructure of its fixed income capability. Clifford Lau has been appointed into the newly-created role of head of Asia Pacific fixed income in Singapore and Zara Kazaryan joins as emerging markets debt fund manager in London. Lau joins the firm from […]

4

Mayor of London pledges to expand shared equity scheme

Mayor of London Boris Johnson has pledged to expand a shared equity scheme helping first-time buyers in London. Visiting the offices of the Coreco Group this morning to discuss apprenticeships, Johnson pledged his support for home ownership. The Greater London Authority runs the First Steps scheme alongside housing providers, L&Q and Metropolitan Home Ownership working […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment