• Home
  • Episodes
  • About
    • Awards
  • Contact

Make the most of your money

martin@icfp.co.uk
Informed Choice RadioInformed Choice Radio
  • Home
  • Episodes
  • About
    • Awards
  • Contact
ICR170: It’s all about charges

ICR170: It’s all about charges

03/02/2017 Posted by Martin Bamford Podcast

ICR170: It’s all about charges

How much are you paying for financial advice and investment products?

In this episode of the podcast, I’m joined by Nick Bamford to chat about fees, charges and the cost of financial advice.

The Sunday Times recently published an article which was critical of the charges levied by tied adviser St James Place, with particular criticism of their exit charges of up to 6% on some financial products.

We also hear a lot about the cost of fund management charges, particularly with reference to lower cost index tracker funds.

And there’s a lot of debate about what financial advisers charge, whether investors should pay a percentage of their money to invest, or a flat fee.

Nick and I spend some time in this episode talking about the fees investors typically pay, some of the different remuneration structures offered by financial advisers, understanding value for money when it comes to fees, and the importance of fee transparency.

Subscribe in iTunes | Click to listen now | Right click to download episode

Personal finance news update

Our newsreader this week is Informed Choice paraplanner Kelvin Riches.

-The Bank of England has kept interest rates on hold at 0.25% whilst increasing its forecast for growth in the UK economy.

-Annual house price inflation weakened in January, falling to its lowest level since November 2015.

-Brits lack a plan for passing on wealth to future generations, according to a new survey.

-Widespread confusion over financial terms means millions of people may be taking out important policies or products without completely understanding what cover the product offers.

-Savings protection available from the Financial Services Compensation Scheme, the FSCS, has risen by £10,000 this week.

Subscribe in iTunes | Click to listen now | Right click to download episode

Listener question

David Horton from Brisbane in Australia writes in with the following question that we answer in this episode:

The rule on ‘don’t borrow to invest”; does that apply to borrowing to buy a “buy to let” property? Saving to buy outright would be impossible or very slow, and I think would run you up against rule 10, don’t pay too much tax. Though I guess such savings pay so little interest the tax would be minimal.

Subscribe in iTunes | Click to listen now | Right click to download episode

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.

Subscribe in iTunes | Click to listen now | Right click to download episode

Aftershow links

–Deep Work by Cal Newport

–Martin’s book review on Medium

–10% Happier by Dan Harris

–Being Mortal by Atwul Gawande

–Unbiased Awards 2017

Subscribe in iTunes | Click to listen now | Right click to download episode

Help us spread the word!

Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

Share
0

About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

You also might be interested in

Becoming a sceptical investor, with John Stepeck

Becoming a sceptical investor, with John Stepek

Apr 22, 2019

It seems that all investors want to be contrarian investors.[...]

How to Create, Sell and Buy Non-Fungible Tokens, with Matt Fortnow

How to Create, Sell and Buy Non-Fungible Tokens, with Matt Fortnow

Mar 4, 2022

I imagine you’ve heard of NFTs? Non-fungible tokens are the[...]

ICR242: Michelle Lowbridge, Smashing Money Blocks

ICR242: Michelle Lowbridge, Smashing Money Blocks

Jul 17, 2017

My guest for this episode is Michelle Lowbridge, author of[...]

Latest episodes

  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett
  • Life Lessons to Help You Find Purpose, Prosperity, and Happiness, with Keisha Blair

Subscribe to Informed Choice Radio

 

Like us on Facebook

Get social with us!

About us

Welcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals and living a better life.

Find us here

  • Martin Bamford
  • Informed Choice Ltd
  • Sundial House, 20 High Street
  • 01483 274566
  • martin@icfp.co.uk
  • www.icfp.co.uk
  • martinbamford

Fresh from our podcast

  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett
  • Life Lessons to Help You Find Purpose, Prosperity, and Happiness, with Keisha Blair

© 2022 · Informed Choice Ltd. Site by Bear Content

  • Home
  • Contact
Prev Next