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%.
AJ Bell’s adviser platform Investcentre has axed two SIPP charges and cut several custody charges on its platform at the same time as it is increasing the amount of interest paid on clients’ cash.
Pension savers could be left more than £70,000 poorer in retirement due to overlooking charges when transferring their funds, provider People’s Partnership has warned.
Standard Life has reduced its personal pension charges for its AMPP and SIPP products as part of a series of upgrades designed to appeal to financial advisers.
Investment platform and SIPP provider Parmenion is to introduce new charges to help cover the cost of work involved in selected products.
Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.
Retirement and protection specialist LV= has move to a tiered charging structure on its personal pension which will favour largers sums invested.
Platform Transact is to trim annual and buy commission charges in the spring as platform competition intensifies.
Standard Life Wrap, the adviser platform, is to to cut some SIPP charges in a move to simplify and reduce charges overall for using its platform.