Investors wishing to move from direct-to-consumer to adviser platforms face “punitive” exit fees, according to analysis by the lang cat.
Every form of saving costs money. In a bank account, you don't see the costs because they are wrapped up in the interest rate, but for investments the charges are more explicit and more variable.
Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.
The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.
IG Group has launched a new stockbroking service with real-time pricing.
Skandia's decision to switch pension clients out of its Invesco Perpetual Income mandates and into Neil Woodford's new CF Woodford Equity Income fund is expected to cost investors over £6m in trading costs.
Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice those with less to invest.
Around 140,000 NatWest Stockbroker clients will transfer to TD Direct Investing as TD Bank Group completed the acquisition of the remaining interest in Natwest Stockbrokers from National Westminster Bank for an undisclosed sum.
The FTSE 100 was broadly flat on Friday morning with trading rangebound ahead of the highly-anticipated US jobs report due out later this afternoon.
Hargreaves Lansdown has scrapped extra charges on investment trusts, but the move may not benefit as many people as the fund supermarket.
Charles Stanley Direct is to scrap fees for customers who transfer £500,000 or more to its platform before 1 April, for a limited time.
UK stocks fell to their lowest levels in nearly four months on Tuesday morning as concerns about slowing global economic growth and disappointing corporate results weighed heavily on sentiment.
Five points of interest from 2013 that have had an impact on the investing environment and potentially cleared the path for growth in 2014.
Bestinvest has announced its new pricing structure, with self-invested personal pension (SIPP) investors set to benefit from lower fees.
UK markets opened strongly on Wednesday after the Turkish central bank's decision to increase interest rates, as concerns over the emerging markets continued to ease following recent volatility.
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