Not before time you might say. The Financial Conduct Authority (FCA) has just announced that it intends to introduce fee caps into the Claims Management Company (CMC) market in order to protect consumers. We have been concerned about conduct in the CMC market for some time now, not just in terms of the charges, but […]
Baroness Altmann the former Pension Minister has made her view on Defined Benefit (Final Salary) transfer advice very clear. On the back of the latest FCA report on transfers, baroness Altmann expressed surprise that it had taken until October last year for the FCA to ban contingent charging in the pension transfer arena. Contingent charging […]
The Financial Conduct Authority has just issued a new warning advising consumers that they should be prepared for the possibility of losing ALL of their money if they invest in cryptocurrencies. That doesn’t mean to say that you shouldn’t necessarily invest but that the possibility of high returns is an indicator of equally high risk […]
You may have seen details of the new pension tracing service recently launched by L&G. The service has been advertised on TV as well as in the print media. It’s a simple service, offering to search the Governments existing Pension Tracing Service and their own databases. You can do it yourself of course, but like […]
HMRC have issued a new warning for consumers to be extra vigilant in January as the number of scams increases. January is being targeted by criminals because the date for filing self-assessment returns is due on 31st January. This year it seems that the risk is even higher because of the number of incomplete submissions. […]
The latest figures from the Financial Conduct Authority (FCA) reveal than over 70% of claims made against Money Advisors to the Financial Services Compensation Scheme (FSCS) come via Claims Management Companies (CMC’s). Is this a good or a bad thing? On the one hand you could easily argue that this is not unexpected because the […]
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