Schroders have been quick to jump on the anti-SJP bandwagon this week and announce a ‘price war’, saying they plan hard to undercut St James Place’s 3% annual charge. IFAs are looking on with bemusement, as most of us know we’d be laughed off most clients’ sofas if we tried to charge that much, chance’d be a fine thing. ‘Like Jimmy Choo trying to undercut Louboutin’ said one collegue (me neither).
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
