SIPPS – The new PPI?

News-Churchill Sloan-CS-[SIPPS – The new PPI]-[19-July-2018]

Fears are being raised that up to £10 million worth of badly performing SIPPS (Self Invested Personal Pensions) have been mis-sold to thousands of British savers by unscrupulous financial advisors. Now Labour MP Frank Field is calling for an investigation into the way SIPPS are sold and asking the Financial Conduct Authority (FCA) to make …

The overall debt held by pensioners in the UK is expected to top £86 billion by the end of 2018.

Pensioner debt to top £86 billion by end of year

The overall debt held by pensioners in the UK is expected to top £86 billion by the end of 2018. The original estimate for 2017 was £65 billion, but consumers were borrowing at a much faster rate and the true figure was £78 billion. Now the latest prediction is that the retirement lending market will …

Regulators fight together against scammers

Regulators fight together against scammers

Britain’s regulators are coming together in a fight against the increasing number of financial scams and other risks in the pensions sector. The Pensions Ombudsman (TPO) and The Pensions Regulator (TPR) have signed an information sharing agreement about complaints and concerns within the industry. TPR have also joined with the Financial Conduct Authority (FCA) to …

Barclays pay £5.3 billon for last B&B mortgages

Bafrclays consortium buys last B&B mortgages

A consortium headed by Barclays Bank has bought final two Bradford & Bingley mortgage books from the government for £5.3 billion. The closed books were sold by UK Asset Resolution who have been managing them since B&B were nationalised at the height to the financial crisis.