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FOS pension freedom complaints on the rise

The number of customers approaching the Financial Ombudsman Service with complaints over pension freedoms is rising, Money Marketing can reveal. A Freedom of Information request submitted by Money Marketing shows between July 2015 and February 2016 there were 848 new enquiries to the FOS relating to the freedoms. These include complaints where customers claim they […]

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Govt rules out stamp duty exemption for larger B2L investors

The Government has ruled out a stamp duty exemption for corporate investors. The Government first announced a consultation on the exemption in the 2015 Autumn Statement, after it announced a 3 percentage point surcharge on second homes and buy-to-let properties. The mooted exemption would have applied to investors with 15 or more residential properties, although […]

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Can new pensions guidance body succeed where the MAS failed?

The financial services industry is preparing to say goodbye to the Money Advice Service following Chancellor George Osborne’s Budget announcement to scrap it. The Chancellor revealed a new pension guidance body will be created by merging some elements of  the MAS with The Pensions Advisory Service and Pension Wise. The aim is to provide a […]

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Martin Lewis: ‘Abominable’ MAS deserved stay of execution

Chancellor George Osborne was wrong to axe the Money Advice Service despite it being guilty of an “abominable” waste of advisers’ money, according to Moneysavingexpert founder Martin Lewis. Lewis, who has been scathing of the MAS in the past and once described the service as “crap” to the Treasury select committee, says recent reforms had […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]

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