The Office of Fair Trading is to scrutinise 38 consumer credit websites after an investigation by the European Commission found malpractice to be widespread. The EC investigation found that 70% of the 562 websites checked across Europe needed further investigation, primarily because they omitted key information or presented costs in a misleading manner. Of the […]
Claims management companies accounted for almost half of all cases received by the Financial Ombudsman Service during 2011. Figures cited in a review of FOS by the National Audit Office last week show claims firms generated 45% of complaints to FOS last year, compared with 43% that came directly from consumers. The number of complaints […]
Interest rates, as expected, were once again left on hold yesterday. I’ve lost track of how many months Bank Bate has been at 0.5%, but it’s one hell of a long time.
Many people find January a bit of an anti-climax after the excitement of Christmas has passed, not least because of the financial hit taken by most over the festive period.
Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]
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