Figures released by the Financial Ombudsman Service (FOS) reveal that the number of complaints it received about pensions fell by 27 per cent during the year to 31 March 2010. The FOS’s latest annual review gives an overview of consumer complaints handled by the ombudsman service about insurance, credit, banking, savings and investments for the [...]
Figures released by HM Revenue & Customs reveal that the amount of money paid into individual pension plans during the recession fell by £1 billion or 5% per cent. HM Revenue & Customs says that employers, employees and the self-employed paid, in total, £19.7 billion into personal pensions and stakeholder pension plans during the tax [...]
A London-based IFA business, Robin Bradford (Life and Pension Consultants), has been fined £24,500 by the Financial Services Authority (FSA) for exposing its customers to unacceptable levels of risk of receiving poor Pension Switching advice. Following the FSA’s investigation, Robin Bradford has been ordered to review all of the Pension Switching transactions it arranged between [...]
Several independent financial adviser (IFA) businesses and banks have agreed to pay total compensation of up to £150 million to customers who have received unsuitable Pension Switching advice since April 2006. The agreement to pay compensation follows the intervention by the Financial Services Authority and its ongoing review into the quality of Pension Switching advice. [...]
The Daily Mail recently published an article about thousands of widows being condemned every year to live without a pension because their husbands were not made fully aware of their options or received the wrong advice when they retired. According to figures obtained by the Daily Mail, only two thirds of the 460,000 annuities purchased [...]
The Financial Services Authority (FSA) has published new rules which mean that from the end of 2012, financial advisers will no longer be able to receive commission payments for selling investment products such as Investment Bonds, Endowment Policies, Unit Trusts, and Personal Pensions. The rule change is a radical for the financial services industry which [...]
Charles Palmer, a director of Gloucestershire based IFA network, Financial Ltd, has been fined £49,000 by the Financial Services Authority (FSA) for management failings which led to poor compliance monitoring on pension switching advice provided by Financial Ltd between April 2006 and August 2008. Review of pension switching advice In December 2008, the FSA published [...]
We only accept PPI claim(s) where you can provide proof you purchased PPI - this will usually be confirmed on your:
You'll need to send us this proof of PPI when you return our Claim Pack. Without proof of PPI your bank or lender will not be obliged to investigate your claim(s) for compensation.
