Recommended

Nick-Clegg-at-LibDem-Rally-700x450.jpg
6

Lib Dems unveil £2,000 ‘Help to Rent’ loans plan

The Liberal Democrats have unveiled a new campaign pledge to help young working adults rent their own homes with government-backed loans. People will be able to borrow up to £1,500, or £2,000 in London, to go towards a tenancy deposit in England. Borrowers need to be between 18 and 30, in paid employment and not […]

Scottish Widow

Scottish Widows sells offshore business to RL360

Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]

FCA logo new 2 620x430
5

FCA fines Clydesdale Bank £20.6m over PPI complaint handling

The FCA has fined Clydesdale Bank £20.6m over serious failings in the way it handled payment protection insurance complaints. This is the largest ever fine imposed by the FCA for PPI-related failings. The FCA says in mid-2011 Clydesdale implemented inappropriate policies which meant that its PPI complaint handlers were not taking into account all relevant […]

1

MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment