MIFID II – communicating charges to your clients

Financial planning
Self certified

Wednesday 30th January 2019





A review of the different approaches taken by platforms to showing charges

Learning objectives

In this session we covered…

  • The key points from the lang cat research of what the main platforms are doing – which you can read here (and we really recommend you read it before the Howwow)
  • Discuss the level of control for adviser/paraplanner to determine when statements are run and sent
  • What content is in them and how is it presented (we’ll be looking at some real examples)
  • What happens if a client has assets on different platforms
  • Impact on client relationships
  • What the press are likely to say about it


Mike Barrett
the lang cat

Mike is a driver and survivor of platform mergers, migrations and RDR and held senior roles at Skandia and Old Mutual Wealth. He now works with platforms, advisers, banks and asset managers to help them create and communicate in a way that’s a little less corporate and a little more human.

Benjamin Fabi
Principled Paraplanning

Benjamin qualified as a Fellow of the Personal Finance Society. After many years as a paraplanner, Benjamin now offers outsourced paraplanning and consultancy services to financial advisers.

Benjamin is an active member of the paraplanning community, acting as a moderator and frequent contributor in the ‘Powwow Big Tent’ forum. He led a session on defined benefit transfers at the 2016 Paraplanner Powwow.

In addition to paraplanning, Benjamin occasionally writes for, or is quoted in, the trade press. He is a member of the NextGen Planners community, which he believes will shape the future of the profession.

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