The FCA is proposing to increase advice firms’ regulatory fees by 2.8% from April next year.

Nearly three million workers are at risk of losing out when paying extra into their workplace pensions by receiving no additional employer contributions but being hit with fees.

The average ongoing advice fee has climbed 9 basis points from 2023, according to a new fee benchmarking report from wealth consultants NextWealth.

Chartered financial adviser Shackleton, formerly Skerritts, is to cut platform fees for existing and new clients on the Shackleton Hub by up to 35%.

Fund manager and financial provider Abrdn will rebrand its MyFolio Managed range of five funds to become Abrdn MyFolio Core from 1 April.

Investment manager Vanguard is adding a £4 monthly fee to most accounts for balances up to £32,000 as it strives to meet rising costs.

Advised clients are moving their money away from cash and back towards equities as interest rates subside, according to a new survey of financial advisers.

The FCA is proposing switching its fee for principal firms of appointed representatives (ARs) and introducer ARs (IARs) to a variable fee from a fixed one.

The planned introduction of Pensions Dashboards in 2026 could mean losses from poor pension transfers costing savers over £2bn if they unwittingly move to higher charging plans, a provider has warned.

Discretionary wealth manager Quilter Cheviot has lowered the charges for clients invested in its managed portfolio service (MPS) via its own nominee arrangements.