The Financial Ombudsman Service has ordered Intrinsic to compensate investors for “unsuitable” investment advice. In a final decision notice from September, published this week, the FOS said Intrinsic failed to assess client risk properly and recommended unsuitable funds. In 2007, Mr and Mrs D were recommended investments by an Intrinsic adviser but the meeting was not […]
The Government has begun sending new annual tax summaries which explain how individuals’ tax is calculated and what it is spent on. From today, over 24 million people will receive the statements, which were first announced by Chancellor George Osborne in his 2012 Budget. The summaries will show how much income tax and national insurance […]
Hacks at WSJ sister title Money Marketing are used to receiving holiday-themed press releases – so much so that competitions are regularly held to find the cheesiest attempt to catch the interest of journalists desperate to fill column inches. Friends Life is the undoubted winner of the latest round of Halloween-inspired campaigns. The company’s email […]
The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.
The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]
Marmite and President Trump both sharply divide opinion, but you can ignore Marmite if you’d rather not put the glutinous, salty, black yeast extract on your teatime toast. As an investor you simply cannot ignore Donald Trump. Without wanting to give a running commentary of recent events, Trump’s actions continue to have an impact. The […]
Suggestions that secretary of state for work and pensions Esther McVey may no longer be committed to the delivery of the pensions dashboard project has caused much wailing and gnashing of teeth around the industry. Personally, I do not see the problem. This is the perfect opportunity for it to take back ownership and control of […]
81 per cent of over-55s would feel confident in taking out an equity release plan without seeking advice, research from Moneyfacts suggests. 44 per cent thought they have no need for advice, 29 per cent would not trust an adviser, and 8 per cent of respondents believe financial advice to be too expensive. In late […]