The FSCS is to close its compensation scheme for victims of the failed £237m mini-bond provider London Capital & Finance (LCF). The compensation body says that it will close the scheme, administered on behalf of the government, on 22 October. The FSCS says it has so far paid 99.5% of customers eligible for compensation. In […]
Archives for October 2022
Automated Tax-Loss Harvesting Technology: Is The Value Overstated?
In recent years, numerous software solutions have sprung up that aim to automate the process of tax-loss harvesting. Both retail-focused robo-advisors and advisor-focused TAMPs have begun to offer automated tax-loss harvesting, which – by systematically checking for losses to harvest, typically on a daily basis – purports to increase investors’ after-tax returns by 1% or […]
1 in 5 pension savers may halt payments – PLSA
One in five pension scheme members may reduce or halt their contributions to cope with the cost of living crisis, according to a new survey by a leading pension trade body. The Pensions and Lifetime Savings Association says that one in five pension schemes it surveyed in September reported savers asking about reducing or stopping their […]
1 in 5 pension savers may halt payments – PLSA
One in five pension scheme members may reduce or halt their contributions to cope with the cost of living crisis, according to a new survey by a leading pension trade body. The Pensions and Lifetime Savings Association says that one in five pension schemes it surveyed in September reported savers asking about reducing or stopping their […]
1 in 5 pension savers may halt payments – PLSA
One in five pension scheme members may reduce or halt their contributions to cope with the cost of living crisis, according to a new survey by a leading pension trade body. The Pensions and Lifetime Savings Association says that one in five pension schemes it surveyed in September reported savers asking about reducing or stopping their […]
Merrill Advisor Match aims to boost lead generation, retain talent
Knock, Knock? Who’s There? The Colorado Delivery Fee
If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee. Read on to get the scoop on this retail delivery fee. What is the Colorado delivery fee? The Colorado delivery fee is an additional fee for deliveries made by […]
The move that protects everyday millionaires from the estate tax hit in 2026
FCA criticises business insurance claims handling
The Financial Conduct Authority has raised concerns over how firms have handled business interruption insurance claims. It said that some firms had failed vulnerable customers, had poor record-keeping of policy wordings and failed to identify where customers experienced unnecessary delays. The regulator welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with […]
FCA criticises business insurance claims handling
The Financial Conduct Authority has raised concerns over how firms have handled business interruption insurance claims. It said that some firms had failed vulnerable customers, had poor record-keeping of policy wordings and failed to identify where customers experienced unnecessary delays. The regulator welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with […]