Tag Archives: Fees
Winter fuel payments mean more than inheritance pensions and VAT on school fees.
Much as readers of the FT may feel the pain, the introduction of VAT on school fees like the position of IHT on unspent DC pots is not a Winter Fuel issue for the country. I dare say the readers … Continue reading
IFAs fear contagion from SJP’s fall from grace
It’s hard to underestimate how frightened the financial advisory community is over the decline in St James’s Place’s fortunes. For years IFAs have moaned about the collateral damage SJP’s high charges are doing to their reputation. But when SJP’s fortunes … Continue reading
SJP sees share price plunge 22% on the day.
This is not a blog about SJP but a blog about the FT’s coverage of SJP’s travails as they seek to respond to the FCA’s consumer duty without their business model cracking. The reporting is relentless and consistent and it … Continue reading
SJP shows vulnerability from an undiversified revenue model
This is enormous news. An exceptional hit of £860m directly attributable to #consumerduty That’s a very large sacrificial offering to the regulatory gods. Every single large FS firm will be looking at this & understand very clearly how seriously this … Continue reading
Posted in pensions
Tagged atrophy, Fees, Pensions, SJP, vulnerability, workplace Pensions
Leave a comment
How should you divorce your financial advisor?
Marriages always start so well and that’s the same if you are getting into a relationship with a spouse or your financial advisor. Many people selecting an IFA find themselves in “shock and awe” at a handsome report presenting … Continue reading
Measuring the cost of going green
I would like to say I’ve read B-finance’s Investment Fees Survey published this month, but I have only read the reviews published by the financial press which , from their similarities, suggest they are rehearsals of a press release. The … Continue reading
DCIF; we won’t pay higher fees without sight of better value
On Ricki Sushak’s “day of reckoning” , the DCIF unveiled a 75 page report from Richard Parkin on progress made by DC master trusts in adopting best investment practice. The agenda of the report is clearly focused on DC as … Continue reading
5 good reasons we have SJP
As readers of the Times know, James Coney has been exposing St James’s Place as a high pressure sales outfit that rewards its “advisers” with diamond cufflinks, overseas conventions and a lot of money for bringing client’s money under SJP … Continue reading
Posted in advice gap, pensions
Tagged Commission, Fees, pensions, SJP, St James Place, wealth tax
8 Comments
How contingent fees underpin SJP’s shareholder value.
The last two days have not been kind to St James Place, on Tuesday it was presented with the FCA’s CP19/25 and PS19/21 and yesterday it had to face the wrath of the market which marked its shares down 5% … Continue reading
“Investment advisory fees up 14%” -why?
Can someone explain what is meant by an investment advisory fee in this context? The report appears in Financial Planning Today which describes itself as the daily news website for Financial Planners, Paraplanners and Wealth Managers. The article doesn’t mention … Continue reading
Posted in advice gap, pensions
Tagged Bonds, charges, equities, fee gap, Fees, Fitz and Partners, Funds, investment advisors, RDR, Transparency, Transparency Task Force
2 Comments