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Wonga records pre-tax loss following £35m customer redress hit

Controversial payday lender Wonga has reported a pre-tax loss of £37.3m for 2014 after taking a £35m customer remediation hit following an intervention by the FCA. The firm’s full-year results for the 12 months to 31 December 2014, published today, reveal revenues plummeted 31 per cent year-on-year, from £314.7m to £217.2m, driven by a “significant […]

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FSCS places network in default two years after PI lapse

The Financial Services Compensation Scheme has placed a network in default almost two years after the company failed to secure professional indemnity insurance. Money Marketing reported back in June 2013 Kent-based network Virtual Net Europe had alerted members it was unable to secure PI cover. The network posted a £182,532 loss for the previous year. […]

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Wells Street Journal: Comic meets pensions expert in Twitter brawl

Irish funnyman Dara Ó Briain waded into an unexpected Twitter brawl with Fidelity Worldwide Investment retirement director Alan Higham last week, with the pair exchanging blows on tax. Ó Briain, a panel show heavyweight and host of maths programme School of Hard Sums, made a daring foray into the technical world of pensions legislation, slamming […]

Pete Matthew launches paid-for personal finance courses

Jacksons Wealth Management managing director Pete Matthew has launched a website offering paid-for courses on personal finance. Matthew set up financial education site MeaningfulMoney five years ago, which offers videos and podcasts. Its podcasts receive over 500 downloads per day. Matthew has today launched Meaningful University, which is initially offering a four-week online course on […]

Catriona McInally, Prudential

Sustainable income doesn’t need to be a sweat

Only a few months into 2018 and we‘re already fast approaching the end of another year….the tax year.  Whether it’s making full use of any unused ISA allowance or making those last minute pension contributions, thoughts may turn to reflection or review. A review of other finances is also common at this time, including a […]

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