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HBOS fraud victims set to accept redress from Lloyds

The influential Treasury committee is expected to release figures imminently relating to redress claims made to Lloyds Banking Group for fraud at the HBOS Reading branch, as it is reported more than 50 of the 70 victims have accepted compensation offers. In February last year a group of financiers, including two former HBOS employees, were […]

File image of retirement plan documents and pensions

Idle savers missing pension pot returns

People who stay in default pension funds are losing 4.75 per cent in returns every year, according to research from Hargreaves Lansdown. Data from a survey of 58,000 workplace pension members show 47 per cent  of people with a pension above £25,000 choose their investments. Comparatively, just 5 per cent of people with a pension pot […]

Justin Cash, Editor of Money Marketing
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Editor’s note: FCA is right to target pension cash defaults

By putting so much power back into the hands of the saver, the pension freedoms were always going to lead to a lottery of outcomes. While there have certainly been some positive stories, financial literacy is poor – and knowledge of pensions options particularly so. It’s three years in, and the FCA has just dropped […]

Auto-enrolment

Minimal compliance: Is it enough?

Along with global legal practice Eversheds Sutherland, we look at why employers may want to do more than simply meet the legal minimum in terms of their auto-enrolment duties. Our new policy paper — ‘Automatic enrolment and the law – how far do employers’ duties extend?’ — summarises current minimum duties of employers to enrol […]

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