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Lifetime Isa sales fall short of predictions

The number of Lifetime Isa sales in the product’s first year have fallen around 34,000 short of government expectations. Savers have also placed around £400 less into the vehicle than predicted, according to statistics from HM Revenue and Customs this morning. There have been 166,000 accounts taken out in the first twelve months of the […]

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FOS orders compensation over Sipp delay by Mattioli Woods

The Financial Ombudsman Service has decided that Mattioli Woods must pay compensation over a botched Sipp administration which resulted in delays to a transfer, but does not have to pay back some of the fees it charged. Despite an initial ruling in his favour, a client said the FOS adjudicator had calculated redress unfairly, and […]

Royal London to compensate over exit charges bungle

Royal London must pay compensation to a client who was given incorrect information about an exit charge, which resulted in them losing money when consolidating their pensions. In a Financial Ombudsman Service decision, Mr F holds a pension plan with Royal London and says he contacted the firm in January 2017 to ask for details […]

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