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Tenet to compensate following dispute over Sipp charges

TenetConnect must compensate a client who was not told about charges on investments in a self-invested personal pension. According to a Financial Ombudsman Service decision, Mrs H complains her financial adviser LEBC, which was an appointed representative of Tenet until August 2017, did not inform her about charges that would apply to investments made in […]

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Mortgage lending to hit new record despite Brexit uncertainties

Mortgage lending is forecast to reach the highest level since the financial crash of 2007 despite Brexit uncertainties, according to the latest annual market review from the Intermediary Mortgage Lenders’ Association. If its predictions are correct, 2018 will see the eighth year of mortgage lending growth. IMLA is forecasting gross mortgage lending will reach £265bn […]

Scottish Widows governance committee calls on firm to communicate volatility better

Scottish Widows’ independent governance committee has recommended that the firm communicate investment volatility better to its customers. Despite a generally positive report, including praise for reducing charges and engaging clients with legacy products, the committee said that it would “like to see Scottish Widows do more to ensure customers are made aware of short-term risks […]

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