UK advisers working longer hours, charging £157 per hour
More than a quarter of UK financial advisers are working longer hours, charging an average hourly rate of £157 ($226, €199), according to research from British insurer Prudential.
Fees
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Smart beta provider ERI to abolish fixed management fees
In an unprecedented move, ERI Scientific Beta, a provider of smart beta indices that is an offshoot of the EDHEC Risk Institute in France, today announced it will offer its mandate clients the option to only pay performance fees.
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PA ANALYSIS: Should IFAs and fund supermarkets fear the price war?
The investment industry has seen an unusual flurry of fee cuts, transparency improvements and new launches recently but is this all for the better or a reason to worry for some?
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M&G makes a move in the fee cut race
M&G Investments said it is to launch a new online service this summer offering ‘lower fund charges’ to investors who sign up.
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Fund costs give you the best clue for outperformance – Morningstar
The cheaper a fund is, the better the chance it outperforms its peer group, a study by Morningstar has shown.
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CFA and Woodford call for removal of “mystery” around fees
The investment profession’s value proposition is not well understood, while there remains a need for improved transparency and disclosures in fees and charges, according to CFA UK.
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Hidden active fund costs amount to £1.75bn – SCM Direct
Hidden transaction costs for actively managed UK domiciled funds are currently running at around 0.38% per annum, or £1.75bn according to research by SCM Direct.
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Woodford axes research costs on equity income fund
Neil Woodford’s self-named firm will “absorb research costs” for the CF Woodford Equity Income Fund he manages rather than passing them onto investors.
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PA ANALYSIS: Time running out for Europe’s closet trackers
With returns from European equities distinctly harder to come by than during the QE inspired climb last year, active funds falling short in active share terms are going to find investors less forgiving.
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Fixed fee structures more popular with high net worth clients, find survey
High net worth clients are likely to demand fixed fee structures rather than charges calculated based on their asset levels, found the fourth 2015 Futurewealth report by NPG Wealth Management, SEI and Scorpio Partnership.
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Hargreaves Lansdown abandons independent model
Hargreaves Lansdown is changing its financial advisory service to a restricted model and removing the minimum investment requirement.
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BlackRock slashes charges as passive price war heats up
BlackRock has slashed the charges on some of the trackers in the BlackRock Collective Investment Funds range by more than half.