Simon Ainley was asked to comment on the abolition of Child Trust Funds. To read please: Click here
15th January 2010- Financial Times, "Wrong kind of snow, wrong kind of fund manager"
Simon Ainley is featured in an article, My Practice Week for January 2009. It is reproduced by kind permission of Financial Planner magazine, the official journal of the Institute of Financial Planning, published by Portfolio Publishing, London. To read please: Click here
20th November 2008 - Simon Ainley has recently written an article, 'The Hidden Cost of your Pension' that appeared in the Kingston Chamber of Commerce magazine, Eureka.To read please: Click here
"We will transfer if the benefits are good. If you can put together a more holistic investment process at a suitable cost, then we might consider it. We are putting together portfolios at just over 1.5 per cent, including our management fee, so we would say:Lets look at the costs of what you have, let's look at the flexibility, and if you can improve the overall service that's where we would step in.
Citywire: "Top fee based planners in FSA Lobby" Some of the UKs most prominent fee-based advisers have joined forces to lobby the Financial Services Authority for a separate category for their style of planner.
The main drivers of the lobby are John Lang, director of Surrey-based Tower Hill Associates and Barry Horner, chief executive of Paradigm Norton in Bristol.
But a total of 16 planners including City-based Antony Williams, managing director of Evolve Financial Planning, David Crozier of Navigator Financial Planning in Northern Ireland to Chris Wicks, associate director of Cheshire-based Alexander Beard Group have formed an Independent Fee Only Adviser / Planner Peer Group to push their case to the regulator.
In their submission to the Financial Services Authority the advisers point out that there is no means for consumers to find ˜genuine™ fee for service IFAs. They also argue there is a sizeable minority of consumers who want to source a fee-only advisers ˜and they are not all high net worth.
A key part of their submission, which is in response to consultation document CP07/17 regarding reporting requirements, is that the regulator shouldn't get bogged down defining fee-based.
The advisers want all planners who agree a fee formula in advance for advice and services which is not dependent on a product sale. Then if commission is generated the money is used to reduce the fee or product charges, increase the investment amount or refunded to the consumer.
Details on the category could be held on a dedicated ˜find an adviser' website run by the FSA website and/or fed through to groups such as IFA Promotion that link consumers to advisers.
The full list of signatories is John Lang Tower Hill Associates; Barry Horner, Paradigm Norton Financial Planning; Antony Williams, Evolve Financial Planning; Simon Fisher, Cane Cohen; Tim Page, Page Russell; Simon Yates, Yates & Co; Ian Smith, Central Financial Planning; Mike Macleod, Everett Macleod; David Crozier, Navigator Financial Planning; Chris Bowmer, Fortitude Financial Planning; Rebecca Taylor, Dunham Financial Services; Neil Bailey, The Sensible Financial Planning Company; David Chubb, David Chubb Financial Planning; Bruce Wilson, Helm Godfrey Partners; Chris Wicks, The Alexander Beard Group, Jason Lurie, Holland Hahn & Wills".
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