Pensions experts want more analyis of pension freedoms

Pensions experts want more analysis of pension freedoms

Two top pensions experts have called for more research and analysis into how Britain’s over 55s are accessing their savings pots under the new pension freedoms. Britons have taken £9.2 billion out of their pension savings since the relaxing of pension regulations in April 2015. Around £1.6 billion has been withdrawn in the last three …

Cybercrime and fraud on the rise

cyber crime on the rise

Cybercrime, fraud and misuse of computers is on the rise according to new figures just released. Police have recorded an 8% increase in figures over the year to September, with 3.6 million cases of fraud and another 2 million cases of computer misuse.

FCA says consumers ‘treated unfairly’ over packaged bank accounts

A shock report by the UK financial regulator says thousands of people have had claims for mis-selling packaged bank accounts wrongly rejected or received too little compensation from their bank. The report follows a thematic review on packaged bank accounts by the Financial Conduct Authority (FCA) which found 56% of those who complained received ‘an …

High Street banks are failing customers

High Street banks are failing customers

A report claims Britain’s high street banks are failing to deliver fair and transparent services to their customers. British customers responding to a survey by FIS Global said banks were ‘underperforming expectations’ in things like being able to trust the advice offered, the transparency of pricing across products and accounts, plus overall reliability.