Monthly Archives: February 2014

24Feb 14

Government announcement on ending hidden pension costs and fees

Commenting on news that the Government is to announce measures to reveal hidden costs and fees in the pensions industry, Gina Miller, founder of SCM Private and the True and Fair Campaign stated:

Posted By: True and Fair, 4:20 pm

21Feb 14

SCM Private Celebrates New EU Law That Will End the Scandalous Hidden Charge Fiasco for UK Investors

SCM Private Celebrates as New EU law brings reforms that will revolutionise consumer protection for UK savers and investors and end scandalous hidden charge fiasco

SCM Private Celebrates as New EU law brings reforms

(PRESS RELEASE)

Posted By: True and Fair, 6:34 pm

21Feb 14

MiFID II forces firms to disclose total investment cost to clients

MiFID II forces firms to disclose total investment cost to clients

MiFID II forces firms to disclose total investment cost to clients

(Professional Adviser – External Link)

Posted By: True and Fair, 2:24 pm

21Feb 14

MiFID II forces firms to disclose total investment cost to clients

The passing of the revised Markets in Financial Instruments Directive (MiFID II) into law has made it compulsory for UK investment firms to disclose the total cost of their investments to their clients.

MiFID II forces firms to disclose total investment cost to clients

(Investment Week – External Link)

Posted By: True and Fair, 2:23 pm

21Feb 14

Mifid II forces firms to show total investment costs

The European Union has announced the Markets in Financial Instruments Directive II will force financial firms to disclose total costs of their investments.

Mifid II forces firms to show total investment costs

(Fundweb – External Link)

Posted By: True and Fair, 2:22 pm

21Feb 14

Managers to be forced to disclose all costs through Mifid

SCM Private’s True and Fair cost campaign claims victory as Mifid II passed into European law.

Managers to be forced to disclose all costs through Mifid

(Financial Times – External Link)

Posted By: True and Fair, 2:21 pm

14Feb 14

My pension and the charges of the heavy brigade

Yes, I admit it. I am a financial dilettante. You are probably more accustomed to reading my output in the Life & Arts section, where I review CDs and concerts. I am the FT’s pop music critic.

My pension and the charges of the heavy brigade

(Financial Times – External Link)

Posted By: True and Fair, 3:00 pm

14Feb 14

Response to FCA annuity review

14th February 2014

Commenting on the Financial Conduct Authorities’ announcement that it is to launch a study into competition in the annuities market, Gina Miller, Founder of the True and Fair Campaign stated:

“Ending the scandalous rip-off of hidden costs and fees that erode the value of pension savings over workers’ entire careers, and then rip them off again when they come to annuitise, needs more than just a review on pension switching. This industry needs root to branch systemic reform; it is rotten to the core. We hope the FCA reaches the same conclusion and acts more urgently in the interest of consumers, and then widens its review to all products in the pension industry.”

Posted By: True and Fair, 1:59 pm

05Feb 14

Money Marketing Daniel Godfrey comment

5th February 2014
Commenting on Daniel Godfrey’s viewpoint on the ‘corrosive issue of hidden costs’, Gina Miller, Founder of the True & Fair Campaign stated:

“While we’re delighted Daniel Godfrey and many IMA members had a good Christmas, millions of investors did not, as they worried about poor investment performance and the impact of costs and fees eroding the value of their investments.

Posted By: True and Fair, 6:59 pm