Aviva has sent out letters to 9,000 with-profits policyholders admitting it miscalculated the amount owed to them in the redistribution of its inherited estate.
There are some signs of positive sentiment returning to the commercial property market.
Public sector net debt in Britain swelled to £799 billion, or 56.6% of gross domestic product (GDP) in June, according to the Office for National Statistics (ONS).Net borrowing in the public sector was £13 billion over the month, almost double the £7.5 billion net borrowing in June 2008.Despite the increase, net borrowing fell on a […]
The Conservatives have set out their plans for the abolition of the FSA, with prudential powers to be passed to the Bank of England and a new body to regulate advisers.
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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Latest from Money Marketing
Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services