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Quarter of a million use pension freedoms in year one

Around a quarter of a million people accessed their pensions using the Government’s freedom rules in the first year of the reforms. According to HMRC stats published today over 230,000 savers withdrew £4.3bn in the year to April 2016. In the first quarter of this year £820m was withdrawn from pots, up from £800m in […]

Mel Kenny: We must collaborate to beat the scammers

It has been a long time coming but the FCA is finally promising to take another look at financial scams. Without doubt, the level of professionalism among regulated advisers and the respect from other professions are now both huge. I look around and find colleagues far and wide so much more qualified compared with 10 years […]

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Landlords take on West Brom over future of tracker rate mortgages

The future of tracker mortgages hangs in the balance pending the outcome of the long-running court case involving landlords challenging rate hikes by West Bromwich Building Society. Whichever side wins, there will be a legal precedent set which will affect whether lenders can raise their interest rates without a rise in Bank of England base […]

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Major protection advisers form industry lobby group

Major protection advice firms have come together to form the first group of its kind to lobby for change in the protection market and drive better consumer outcomes. There are 10 founding members of the Protection Distributors Group, thought to be the only working group or industry body made up of purely protection advisers. It […]

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