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FSA updates consumer site

The FSA has relaunched its consumer website, Moneymadeclear, which offers information and product comparison tables. It plans to add payment protection insurance comparison tables soon.

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Like it or lump it

I have an executive pension plan with a fund value of £100,000 and a tax-free cash limit of £35,000. I gather that the new pension rules do not allow me to transfer this fund without reducing my tax-free cash limit to 25 per cent of the fund. Is that correct?

Michael Both

The Epic venture capital trust is a generalist VCT that aims to raise up to 15m to invest initially in non-qualifying fixed-income and quoted mid-cap equity portfolios and then in qualifying unquoted companies.Considering the positive features of this VCT, Michael Philips proprietor Michael Both says: “Epic’s strategy is well thought out with a clear eight-year […]

Bank manager jailed as warning to fraudsters

A judge has told a crooked bank manager he was sending him to jail as a warning to others.Judge Nicholas Coleman told Robert Daniels, 35, a senior manager with HSBC in Peterborough, as he sentenced him to 18 months in jail: “The terms of this sentencing are not just to punish you and to prevent […]

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