Fees
Isle of Man regulator wants industry views on fees proposal
‘Nature of the increases means that small firms should not be disproportionately affected’
UK watchdog proposes adviser charge for invoices
It is ‘unreasonable for other fee-payers’ to continue to bear rising costs
Swiss bank fined HK$400m for overcharging on fees
Some 5,000 client accounts in its Hong Kong wealth arm were affected
Over 25% of Brits believe they need £100k to seek advice
Majority think independent financial advice provides the best returns for their money
Brooks Macdonald drops charges on £1bn MPS range
Total cost to clients could still hit 2% once advice and platform fees are added