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FCA hit by 491 complaints in 2015

The Financial Conduct Authority received 491 complaints in the year to November 2015. The flow of complaints against the regulator was even all year, with 246 made between December 2014 and 31 May 2015, and 245 between 1 June and 30 November 2015. The FCA’s latest data bulletin says the regulator did not investigate 47 […]

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Steve Webb: Pension tax-free lump sums set for ‘extinction’

Chancellor George Osborne is to announce a dramatic overhaul of pensions taxation, according to former pensions minister Steve Webb, including the “extinction” of tax-free cash. Speaking to the Sunday Times, Webb says Osborne is likely to flip the retirement taxation regime on its head so pensions are taxed in a similar way to Isas in his […]

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Treasury eyes workplace advice as Budget looms

The Treasury and FCA are considering boosting workplace advice tax incentives as policymakers look to improve support for savers in the wake of the pension freedoms, Money Marketing understands. The Financial Advice Market Review is aiming to give more people access to advice and is likely to introduce radical changes to the industry. It was originally […]

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