Threesixty will boost its support for treating customers fairly as it finds 59 per cent of firms did not meet the March deadline.The service provider will be hosting a number of TCF workshops open to all intermediaries to offer assistance with creating a policy statement and gap analysis, along with a review of the perception […]
The Financial Ombudsman Service received almost 20 per cent fewer complaints for income protection insurance in the past year while complaints for payment protection and similar products rose by nearly 40 per cent.The FOS annual review, released last week, revealed that 891 complaints were received for income protection insurance in the year ending March 31 […]
According to the latest data from the Office of National Statistics (Labour Market Analysis and Summary, November 2006) there are now four million self-employed people who account for 13 per cent of the total workforce. In addition, around one million people have a second job.
A policyholder had to be forcibly ejected from Standard Life’s AGM after causing a disturbance by handing out leaflets to shareholders and shouting before the meeting was due to commence.Barry Trott was protesting about Standard Life having not paid out a £200,000 claim on his critical illness policy and handed out copies of correspondence between […]
Work and pensions select committee member and Labour MP Ruth George has called for the parliamentary pension scheme to divest from fossil fuels. The MP for High Peak put her name to the Divest Parliament pledge which is a cross-party campaign to clean up the investments in politicians’ pension schemes. MPs are automatically enrolled in […]
It was announced in last year’s Autumn Budget that, from April 2019, tax will be charged on gains made by non-UK residents on the disposal of all types of UK immovable property. At the time of the announcement, HM Revenue & Customs also produced a technical note setting out the scope of the new charge […]
O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]