Turning up for dessert – AJ Bell joins the unbundled dinner party
OK, so we have a new toy to play with. The toy is AJ Bell’s new Sippcentre pricing structure, and (colours to the mast), it’s a good’un. AJ Bell is the last of the big guys to the transparency table, so their structure will generate considerable interest. It does need a little unpacking though, so […]
Fashionably late – Skandia joins the transparency gang
There was SIMPLY NO WAY that I’d be able to let this go by. What a day for Skandia, and what a triumph of news management. With UK inflows on SIS dropping 40% and a reminder in the analyst statements that only £20bn or so of the near £40bn it’s credited with having is on […]
FG12/16 – left a bit…right a bit…no, as you were.
Selfishly, FSA have just published their Finalised Guidance paper FG12/16 on Centralised Investment Propositions and replacement business. I say selfishly, because I’ve been out all week and am trying to catch up with some stuff and instead I’ve had to read the paper and do this blog. Most of it is the same stuff as […]
Standard Life to the transparency diary room
<<EDIT – Since writing this SL has been in touch – hi, how you doing – to say that I got the charging structure wrong – the charge on the total pot changes at various trigger points rather than a set charge applying to each tranche. Very happy to amend – this stuff has to […]
What Tom Waits has to say about legacy business
First off, it’s been a shockingly long time since I wrote this blog. Poor form, been busy, blah blah. How’ve you been? Yes, yes I know. Yes, it is worrying. No, I don’t think putting a Greek island in your SIPP is a good idea. Shall we? Some years ago, when tripartite DFM agreements were […]
What Tom Waits has to say about legacy business
First off, it’s been a shockingly long time since I wrote this blog. Poor form, been busy, blah blah. How’ve you been? Yes, yes I know. Yes, it is worrying. No, I don’t think putting a Greek island in your SIPP is a good idea. Shall we? Some years ago, when tripartite DFM agreements were […]
Noddle use required
So I had an interesting day yesterday at the Platforum regional roadshow in sunny Polmont (aim for the big oil refinery, you can’t miss it, unless you’re Holly). Lots of good sessions, free flip-flops on the Aviva stand and, most importantly, Rory Percival, the FSA’s technical specialist on platformy things. Incidentally, Glasvegas wrote a song […]
Unbundling and the Big Three
Well now, I was never going to be able to resist this. 2 April 2012 was the day that the first of the Big Three fund supermarkets got their act together and launched into the unbundled space. Fidelity FundsNetwork were the winner, beating Cofunds by a lap or so, with Skandia still faffing around in […]
Unbundling and the Big Three
Well now, I was never going to be able to resist this. 2 April 2012 was the day that the first of the Big Three fund supermarkets got their act together and launched into the unbundled space. Fidelity FundsNetwork were the winner, beating Cofunds by a lap or so, with Skandia still faffing around in […]
Go where the risk is
So I just had a good chat with the entirely excellent Jun at Citywire about the FSA’s concerns on single platform usage, conflicts of interest, nasty letters and all that kind of thing. Also today, I read about FundsNetwork reanimating their £50/£100 bung for IFAs putting ISA cases onto their platform. And I’ve been hearing […]
