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Debt firm to pay £185,000 compensation in an FCA first
- Thursday, 18 December 2014
- Articles
The Financial Conduct Authority has announced that debt management firm Harrington Brooks will voluntarily pay over £185,000 in compensation to over 4,500 customers after communications from the firm to creditors on customers' behalf were delayed.
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Watchdog concerned about transparency on adviser costs
- Thursday, 18 December 2014
- Articles
A consumer watchdog has expressed serious concerns over the lack of transparency about advice and investment costs following an FCA report.
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Liverpool comes bottom in financial advice search
- Wednesday, 17 December 2014
- Articles
Truro has been named as the UK's number one area searching for financial advice for the second year in a row.
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Savings body calls for new third type of ISA
- Wednesday, 17 December 2014
- Articles
The Tax Incentivised Savings Association has called for the Treasury to press ahead with a proposal to create a new third kind of ISA.
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£26bn of pension savings exposed to charges over 1%
- Wednesday, 17 December 2014
- Articles
Nearly £26bn of pension savings are "potentially exposed" to annual management charges of above 1%, a report has found.
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Critical report a factor in FCA director's exit
- Tuesday, 16 December 2014
- Articles
One of the FCA's senior directors who is leaving as part of a shake up has said his exit is partly due to the criticism in a report about a bungled media briefing.
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Firm referred to regulator's financial crimes unit
- Tuesday, 16 December 2014
- Articles
The financial crime division of the FCA will investigate an advice firm following its latest probe into fees.
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RDR report finds 'increasingly professional' advisers
- Tuesday, 16 December 2014
- Articles
A review looking at the impact of the Retail Distribution Review has found financial advisers are offering investors an "increasingly professional service tailored to their individual needs".
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Inflation falls to lowest level for 12 years
- Tuesday, 16 December 2014
- Articles
The inflation rate has fallen to its lowest level for 12 years, standing at 1% in November.
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Inflation falls to joint lowest level since records began
- Tuesday, 16 December 2014
- Articles
The inflation rate has dropped to the joint lowest level since records began in 1996, growing just 0.5% in the year to December 2014.
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