The Financial Ombudsman Service’s uphold rate has remained steady at 35% despite a rise in complaints about financial products.
The Institute for Fiscal Studies (IFS) has been spending a lot of time recently looking at pensions. Before Christmas we had a paper on the tax treatment of pensions on death, and now they have followed this up with their blueprint for a better tax treatment of pensions.
NatWest is to acquire a majority shareholding in Cushon, the workplace savings and pensions fintech, for £144m.
The DWP has appointed experienced FCA regulator executive Mary Starks to lead a review of the The Pensions Regulator.
Pensions and employee benefits firm Broadstone is to acquire York-based consulting actuaries H&C.
The Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.