Displaying items by tag: fees
PIMFA urges higher FOS case fees for CMCs
Wealth management trade body PIMFA has urged the Financial Ombudsman Service to push up proposed cases fees for CMCs to better share the burden of costs between between claimants and firms hit by a complaint.
Abrdn cuts fees on Wrap platform
Investment manager and Financial Planner Abrdn has introduced a more simplified charging structure on its Wrap platform, including cutting prices by up to 15bps.
FCA fees rise with planners set to pay 4.9% more
The FCA is proposing to increase its minimum and flat rate fees, as well as application fees, by an average 8.75% which could mean Financial Planners facing an overall hike in charges of 4.9%.
7 in 10 advisers expect 'pressure' on fees
Nearly seven in 10 financial advisers (69%) expect continuing pressure on client fees due to the impact of the Consumer Duty.
@SIPP axes Solo SIPP set-up fee for 5 months
The Glasgow-based pensions provider @SIPP has removed the set-up fee on its Solo SIPP for five months.
SJP hit by falling share price after launching fee review
St James's Place, one of the UK’s largest wealth managers and a significant SIPP adviser, suffered a 21% fall in its share price at one point today after announcing a review of its much-criticised fees and charges.
FCA increases fees for Planner firm block by 8.9%
The Financial Conduct Authority has revealed plans to raise its annual fee charged to its Financial Planning firm segment by 8.9% for 2023/24.
FOS to freeze case fee at £750
The Financial Ombudsman Service is to freeze its individual case fee at £750 for a third year as its strives to reduce the financial strain of its services on regulated firms.
Vanguard axes 2 year-old Financial Planning arm
Fund manager Vanguard is to axe its low-cost Financial Planning arm which was launched in April 2021.
Curtis Banks waives some SIPP fees
SIPP and SSAS provider Curtis Banks has launched two new fee concessions and extended its offer on in specie commercial property transfers.