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.

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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.

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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.

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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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