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Tory support for debt centres

Conservative Shadow Trade and Industry Secretary Alan Duncan this week visited Blackfriars Advice Centre and Southwark Credit Union to show support for responsible borrowing and organisations set up to aid those with personal debt problems.

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Nearly two-thirds of advisers want to scrap case fees for firms found innocent of complaints and are prepared to pay more if found guilty, according to a Money Marketing poll. The survey gauged advisers’ views on two alternative funding proposals which were rec-ently tabled by the Financial Ombudsman Service. The FOS is asking firms whether […]

FSA probes advice on cashing in WP

The FSA is running an investigation into the with-profits sector amid fears that advisers are not knowledgeable enough to advise clients on whether to cash in policies. The regulator says it has received anecdotal evidence of poor advice and a failure to move beyond the dogma that open funds are good, closed funds are bad. […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]

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