Pension Investment Insurance Tax News

Published / Last Updated on 06/07/2019

Here you will find the latest new on money, tax, personal finance, pension, investment and financial advice planning.

FCA Increases Pension Transfer Scrutiny FCA Increases Pension Transfer Scrutiny Financial Advisers active in the defined benefit transfer market are likely to be visited by the Financial Advice Conduct (FCA) to complete a risk assessment on the suitability of ... Second Home Ownership Doubles Second Home Ownership Doubles Since 2001 the number of second home, buy to let or overseas property owners in the UK has doubled. 1 in 10 people now own a second property and ... Bank of Mum and Dad Now UK 11th Largest Lender Bank of Mum and Dad Now UK 11th Largest Lender A recent report by Legal & General revealed that the UK’s 11th largest lender is the Bank of Mum and Dad (BoMaD). BoMaD will fund 20% less house purchases in ... Calls For Compulsory Advice At Retirement Calls For Compulsory Advice At Retirement Compulsory advice for people when they reach retirement age has been discussed in a recent ‘Inside Financial Conduct Advice’ podcast by Baroness Sally Greengross, a cross bench member of ... Wage Rises Beating Inflation Wage Rises Beating Inflation The Office for National Statistics official figures reported today, that the jobless figure rates had stayed the same and was at its lowest rate since 1975. UK wages have grown ... Bank of England Warns of Interest Rate Rises Bank of England Warns of Interest Rate Rises Interest rates could rise a number of times over the next couple of years, the Bank of England (BoE) has warned. Ben Broadbent, Deputy Governor (BoE) commented that “Early May ... Pension Scams Industry Group Code of Practice Pension Scams Industry Group Code of Practice 10 changes have been made to the Pension Scams Industry Group (PSIG) voluntary code of practice today 10th June. 10 main changes to the code are; Ban on cold calling The rise ... 5 Million People Hardly Ever Use Cash 5 Million People Hardly Ever Use Cash UK Finance the banking trade body has reported that last year over 5 million people had stopped using cash and used their debit cards as a main method of ... Women Against State Pension Age Increases Goes to High Court Women Against State Pension Age Increases Goes to High Court The High Court today sees campaigners wanting a review in how the Government have raised women’s retirement age. Claims that the rise is unfair as women that were born in ... FCA Warns Claims Firms May Be Suspended FCA Warns Claims Firms May Be Suspended Claims Management Companies (CMCs) have been sent a written warning from the Financial Conduct Authority (FCA) reminding them of their regulatory duties. This comes after some CMCs have been accused ... Use Pension Fund for House Deposits Use Pension Fund for House Deposits The Secretary of State for Housing, Communities and Local Government, James Brokenshire MP, has called on the new, incoming Prime Minister to change the law on accessing pension funds ... Help to Buy Loan Interest Bomb Waiting to Go Off Help to Buy Loan Interest Bomb Waiting to Go Off The Government’s Help to Buy Scheme has seen over 200,000 properties bought since it was introduced back on 1st April 2013. The Help to Buy scheme means that first time ... Quarter of People Have Savings To Survive Just 7 Days Quarter of People Have Savings To Survive Just 7 Days A Legal & General report has identified that a quarter of working people in the UK do not have any savings or a backup plan if they are affected ... No Blame Compensation Fund For Scam Victims No Blame Compensation Fund For Scam Victims Last year 84,000 bank customers lost money some losing tens of thousands of pounds, when they were tricked into transferring their money to fraudsters by sharing their details. Previously, ... Inflation Increase As Fuel Bills Jump Inflation Increase As Fuel Bills Jump The Consumer Prices Index (CPI) was up in April 2019 to 2.1% from 1.9% in March 2019. CPI is a rate set by goods brought by households and is measured ...

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