
News
Roboadvice may be a solution to fee pressure
Monday 16th of May 2016
There have been claims that adviser fees of 1% per year of funds under management are unsustainable in a low interest rate environment.
Adviser Chris Lee said those charging that level of fee were on borrowed time. "The model might have worked when interest rates were 8%, but how does it work when bank rates are so low?"
Robert Oddy, SiFA's chairman, agreed it was a problem.
<...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
3 min read
3 min read
Latest Comments