You’re at the checkout counter, wallet in hand, preparing to pay for your purchase. But before you can, the cashier asks if you’d like to round up or make a donation for charity. Sound familiar? If so, you’re part of the millions of consumers hit with a request for checkout donations. And if your business […]
Archives for 2022
FSCS recovers £16m from failed firms
In 2021/22 the Financial Services Compensation Scheme (FSCS) recovered just £16m from the estates of failed firms. Of this £13m was used to offset levies whilst £3m was passed onto consumers whose claims were above FSCS limits, according to the compensation body’s annual report. The compensation body also revealed that it has paid out over […]
FSCS recovers £16m from failed firms
In 2021/22 the Financial Services Compensation Scheme (FSCS) recovered just £16m from the estates of failed firms. Of this £13m was used to offset levies whilst £3m was passed onto consumers whose claims were above FSCS limits, according to the compensation body’s annual report. The compensation body also revealed that it has paid out over […]
TPR amends pension transfer guidance
The Pension Regulator (TPR) has amended its guidance on pension transfer regulations that were introduced in November. The rules ask pension providers to refer consumers for guidance or refuse a transfer if there are any clear red flags that they may be the victim of a scam. Examples of where flags should be raised include […]
TPR amends pension transfer guidance
The Pension Regulator (TPR) has amended its guidance on pension transfer regulations that were introduced in November. The rules ask pension providers to refer consumers for guidance or refuse a transfer if there are any clear red flags that they may be the victim of a scam. Examples of where flags should be raised include […]
Average UK wealth increases 59%
Average wealth from assets has grown by 59% over the past decade, according to a new report. The growth in wealth from assets including property and investments has been three times higher than the growth in average earnings, according to the report from Handelsbanked Wealth & Asset Management. Average earnings have grown 19% over the […]
Investors pull £822m in 4th month of net retail outflows
UK investors withdrew £822m from funds in May, the fourth month of net retail outflows so far this year. Equity funds saw outflows of £1.2bn, while fixed income funds saw outflows of £620m over the month. Tracker funds saw net retail sales of £877m in May, while active funds saw outflows of £1.7bn. Gross retail sales […]
Prime Minister Boris Johnson steps down
Prime Minister Boris Johnson has bowed to pressure from ministers to resign as Conservative Party Leader. He gave a resignation statement outside Number 10 Downing Street at lunchtime today. In his resignation speech the Prime Minister said the process for choosing a new Conservative leader will start now and a timetable will be announced next week. […]
Breaking away without breaking spirit with Alan Foxman
Iress to pension off Adviser Office to focus on Xplan
Fintech and back office system provider Iress has launched a new range of Xplan packages as it prepares to retire its popular Adviser Office system used by many advisers. Iress will cease support for the 30-year-old Adviser Office system in mid 2023. The company says that current Adviser Office clients can upgrade to equivalent […]