Scottish Widows is removing exit fees across all of its workplace pensions ahead of Government moves to cap penalties when customers leave policies early. In January George Osborne handed the FCA a duty to cap “excessive” exit fees. The level of the cap has not yet been set but Scottish Widows says it will scrap […]
Former shadow work and pensions secretary Rachel Reeves has lent her support to a flat-rate of 33 per cent tax relief on pension contributions. Reeves, who now sits on the Treasury Select Committee, describes the current rules as “unjust and ill-judged” for giving higher earners more relief than those on lower incomes. “The Chancellor should […]
Nearly nine months after entering Parliament as a newly elected Highlands MP, Ian Blackford admits he is still getting used to Westminster. The pensions spokesman for the Scottish National Party says the traditions and frippery of his new workplace are “daft” and outdated compared with the more modern devolved assemblies. He says: “Even when you […]
The FCA faces a “notoriously difficult” challenge in seeking to justify its approach to tackling misselling, experts say. Last week the National Audit Office reported the FCA had no way of measuring its success in curbing misselling in financial services. In a report on regulation and redress, it said while increased fines and compensation have […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]