Parmenion adds new charges to cover costs

Investment platform Parmenion is to introduce new charges to help cover the cost of work involved in selected products.


Investment adviser revenue falls 1% in 2020

Reported total revenue earning from retail investment intermediation fell by 1% to just under £4.4bn according to data drawn from the FCA’s retail mediation activities return (RMAR) for 2020.


LISA early withdrawal penalties triple to £33m


Lifetime ISA (LISA) early withdrawal charges rose by more than 300% to £33m in the 2020/21 tax year, according to a Freedom of Information request.


Research reveals trackers can be cheaper than ETFs

Independent investment researchers Fitz Partners say the Ongoing Charge Figures (OCF) for typical index trackers have fallen by 27% since 2016.

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