FundsNetwork

SIPP charges are slowly coming down but charging structures remain confusing for advisers and clients, writes Paul Burgin

Fidelity's David Dalton-Brown has joined the board of TISA (Tax Incentivised Savings Association).

Fidelity is launching an optional Adviser On-going Fee service in line with the RDR's proposal to move to a fee-based model with customer agreed remuneration.

Fidelity and FundsNetwork will host Precovery workshops to prepare advisers for the highly anticipated market recovery.

FundsNetwork will be consulting with fund providers in the next few weeks on a comprehensive review of its services, which could include introducing a charge for corporate actions such as fund closures.

Fund houses with substantial offshore offerings are building up the profile of the portfolios in the UK retail market ahead of the IMA's introduction of offshore listings.

Cash proved to be the most popular safe haven from the freefalling markets this year, with two cash vehicles among the top five highest selling investments on Fidelity FundsNetwork in 2008.

Advisers predict business volumes will still be in the red in 12 months' time, a FundsNetwork study suggests.

UK Gilt funds saw a huge 223% upturn in share of sales on FundsNetwork compared to September as investors flocked to safe havens.

No IMA sector was able to generate an average positive return in September, with a flat result for the Money Market category providing the only respite from last month's stock turmoil.