For the chop: ETF fee cuts set to persist

The ETF fee war shows no sign of abating. On the contrary, fee cuts have become part and parcel of life in ETF-land. Europe still lags behind the US when it comes to aggressive price-cutting. On this side of the Atlantic, we have yet to see zero-fee funds, let alone funds that actually pay investors, albeit temporarily, for the honour of holding them. Still, it’s clear that the only direction for ETF fees in Europe is south.

The best Sipp platforms for your portfolio - 2018

The subject of investment platform costs and charges featured prominently when the Financial Conduct Authority (FCA), the City regulator, published the outcome of its year-long study of the platform market in July. The FCA found that charges and the range of available investments on offer were the most important factors for DIY investors when comparing platforms, while lower charges were identified as the main motivation for investors switching platforms.

Warning over mis-selling post-RDR

A potential mis-selling scandal where financial advisers recommend the cheapest, rather than the most suitable, investment fund to their client so they can add large advice fees on top has been highlighted by a wealth manager.