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FOS cuts 600 staff over 2016

The Financial Ombudsman Service slashed more than 600 jobs last year, a Freedom of Information Act request reveals. In January 2016, headcount at the complaints handling service stood at 3609. This had fallen to 3296 by June, and 2974 by the end of the year. The largest monthly drop came between September and October, when […]

Trott

Claire Trott: Cashing in on intergenerational planning opportunities

Since 2015, there has been a great deal of discussion about consumers cashing in their pensions and living on the bread line throughout retirement. This may well be the case for those with smaller pots but those that have saved significant amounts both in and outside their pensions will be looking at the funds in […]

7

Paul Lewis: The trouble with Govt tax allowances

We have heard very little recently of the Chancellor’s friend but fiscal drag has been beavering away largely unnoticed, raising or saving money for him. Fiscal drag raises extra money when tax allowances do not rise with inflation. That brings more people into the scope of paying that tax and more money for the Chancellor. […]

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