Thousands paying wrong tax on pensions claim

Thousands paying wrong tax on pensions claim

Experts are claiming that tens of thousands of people have paid incorrect tax on early pension withdrawals. At least 232,000 people have drawn down money from the pension pots under the new freedom regulations introduced in 2015, but many of them have paid the wrong tax on their withdrawals.

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 Around £1.6 billion has been withdrawn in the last three …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 …