The Serious Fraud Office has secured a suspended 10 month prison sentence against Michael Thomson, the former CEO of failed mini-bond provider London Capital & Finance (LCF). The sentence, suspended for two years, was imposed at Southwark Crown Court today because Mr Thomson was found to have breached a restraint order on use of his […]

The interest rate NS&I pays on its Direct ISA account has been increased today from 2.15% tax-free/AER to 2.40% tax-free/AER. More than 333,000 NS&I customers are set to benefit from the increase. The savings organisation last increased the rate on its Direct ISA in January this year – while the rate on its Direct Saver […]

Manchester SIPP provider iPensions Group is backing this week’s Mental Health Awareness Week with a series of events, workshops and sessions. Staff are competing with colleagues from different offices in a step marathon (Stepathon), to encourage an active lifestyle.  The two-week Stepathon is already under way across the company – which also has office in Edinburgh – […]

One of the most extraordinary statistics this week revealed that one in four advised clients are currently helping adult children financially. The survey, by Royal London, did not gives us much more detail on why but the cost of living problems and the soaring cost of accommodation in recent years are likely factors. Royal London […]

Platform and SIPP provider AJ Bell has warned that the delayed Pensions Dashboards – a key plank of government pensions policy – are in limbo until the government signals a new timetable. In March, Pensions Minister Laura Trott said that the Pensions Dashboards will miss the 31 August deadline this year when the first connections were […]

Six in ten 50-year-old workers say they are worried about the upcoming rise in the minimum pension age, according to a new study. The Government will increase the minimum age workers will be able to access their pension savings from 55 to 57 in 2028. While the move has been flagged for some years, 63% […]