Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.
Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds.
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To assist individuals and businesses, the Ministry of Finance (MoF) has proposed reducing by 10% to 50 % of fees and charges in the securities sector, appraisal of international travel business licenses, issuance of citizen identification cards, and so on. The reductions would be in effect till 31 December 2023.
The Ministry of Finance has proposed reducing by 10% to 50% of fees and charges in the securities sector, fees for appraisal of licenses for international travel service business, and for issuance of citizen identification cards from July 1 to December 31, 2023.