A Hertfordshire-based advice firm has been ordered to pay a couple £10,000 compensation after changing the performance benchmark of their savings. According to a Sunday Times report, a Financial Ombudsman Service investigation resulted in Wagstaffs Wealth Management paying compensation to couple David and Josephine Kelsall, who had saved more than £1m over 50 years. The […]
The Spring Budget arrived with more of a whimper than a bang. Beyond the National Insurance hike (which was swiftly U-turned on just one week later) there were few significant developments. It seems the Treasury is keeping things on a steady footing until we are closer to Brexit. The world of regulation, however, has got […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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Two complainants said ReAssure and Transact contributed to the delay of their funds being transferred
The FCA has recently updated Occasional Paper No. 8, within which it explains a vulnerable consumer as such: “… someone who, due to their personal circumstances, is especially susceptible to detriment, particularly when a firm is not acting with appropriate levels of care.” The focus on this area seems to be continually increasing. So what […]
When it comes to clients with investment bonds, advisers have several techniques up their sleeves to avoid unnecessary taxation and charging. But one of these tactics – top-slicing – has become slightly less productive for offshore bonds in certain situations thanks to a little known change by HM Revenue & Customs which went under the […]