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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 […]

Travelling lighter with new mobiles

Mobile computing is getting smaller and smaller. Some of the new notebook PCs being launched by Gateway 2000 and Dell are almost as powerful as many desktop machines. However, if you really want to travel light, the new range of hand-held machines look increasingly attractive. With the launch of the new Windows CE2 operating system, […]

Govt snub over moves to deter carpetbaggers

Building societies were dealt a blow last week after the Government refused to implement all their proposals to deter carpetbaggers. Treasury economic secretary Helen Liddell, speaking at the Building Societies Association annual dinner in London, said she was wary of the BSA proposals because they would restrict accountability. Several building societies were particularly disappointed that […]

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