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Meals on wheels pay off for Wesleyan

Wesleyan Financial Services is using the meals-on-wheels service, doctors&#39 surgeries and the Post Office to track down victims of personal pension misselling. The steps will enable the company to review almost all its 1,700 cases by its deadline of December 31. Wesleyan paid out almost £10.5m in compensation by the end of November, an average of £4,000-£5,000 per case.

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This time, it really must be prime time for PHI

Rereading annual surveys of the PHI market, it is sad to see how past optimism has not borne fruit. Practitioners have always believed that the holy grail of increased demand, more sensible pricing and improved experience was just round the next financial year. The outcomes were usually disappointing. However, in the words of the great […]

Abuse is blamed as de minimis faces axe

The Inland Revenue is set to axe the de minimis funding limit for pension schemes, claiming that IFAs are abusing the system. The de minimis limit allows company directors to contribute up to £6,000 to their pension without having to take the Pension Schemes Office funding check. The check is a salary assessment which limits […]

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