May 2019


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  • 7IM to cut fees for clients with over £2m on the platform

    1 April 2019

    Seven Investment Management (7IM) is to cut fees for investors with larger sums on its platform, in a move which targets high-net-worth clients and family groups. The new rates will apply from 1 April, and will see fees for investors with between £2 million and £5 million on its platform be reduced from 0.15%...

  • FCA proposes platform exit fees ban to improve competition and help cost comparison

    14 March 2019

    The FCA has said it will ban exit fees charged by some platforms to switch out of their service. It is also advisers who charge for platform switching.  The move was announced in the Investment Platforms Market Study Final Report as part of the regulator’s focus on improving competition in the market and improving service and transparency...

  • Industry escapes FCA imposition of mandatory transfer times – for now

    14 March 2019

    The FCA has said it will not set enforceable switching and transfer times as yet, as a result of the industry undertaking self-improvement through launch of the STAR initiative. In its Investment Platforms Market Study Final Report, the regulator set out its final position on improving switching and transfer times, as well as relevant...

  • Platform survey shows increased switching and lower levels of satisfaction

    3 March 2019

    The latest platform service review by financial information business Defaqto showed a quarter of advisers had changed platform in the last 12 months, while the average satisfaction score among advisers declined. In response to the survey 25% of advisers said they had changed their preferred platform in the last 12 months, a significant jump...

  • March Issue OUT NOW

    27 February 2019

    In March’s jam-packed issue we have 10 articles for you plus your usual favourites. Click here to view! Our Paraplanner Profile maps the paraplanning career of Grant Callaghan, who was Para-Sols’ first graduate recruit and is now the firm’s head of paraplanning. Rob Kingsbury spoke to him about his views on paraplanning and his...

  • 50 Not Out – January Issue of Professional Paraplanner OUT NOW

    19 December 2018

    This issue we celebrate our 50th edition of the Professional Paraplanner magazine!! Thank you to all our readers, supporters and the team behind the scenes that have worked so hard. Paraplanner profile The paraplanner we profile for this issue is Jade Mountford, chartered paraplanner with Mazars Financial Planning. She scooped the PFS Paraplanner of...

  • What will 2019 hold for the financial advice industry?

    18 December 2018

    Dynamic Planner CEO Ben Goss sets out below what he believes the next 12 months has in store for the advice industry. Advisers won’t need a crystal ball to know that 2019 is likely to start in a more challenging place for them and for their clients than 2018 did, but the advice industry earns...

  • MiFID II – Aggregated costs and charges

    17 December 2018

    Steve Bailey, director at compliance consultancy ATEB, provides guidance on how to deal with the new requirements for reporting aggregated costs and charges necessary under MiFID II.   MiFID II came into effect on 3 January 2018 and placed several new and enhanced requirements on firms. One of the key areas of change was the requirement for firms to...