FOS confirms max comp to rise to £355,000

The Financial Ombudsman Service is to increase its maximum compensation award for 2020/21 to £355,000 per case, a £5,000 increase on 2019.


PFS backs FCA action to keep lid on fees

The Personal Finance Society has welcomed the FCA’s freezing of 2020/21 fees for small firms but warned that the Coronavirus outbreak could force up compensation costs and hit advice firms hard without major reform.


FCA to freeze fees for smallest 71% of firms

The FCA plans to freeze its fees for the smallest 71% of financial services firms in response to the Coronavirus outbreak.


Editor’s Comment: Why clients are getting real about pensions

Next week our new Chancellor, just weeks into the job, will attempt, to sort out some of the mess which befuddles the UK pensions landscape. I’m not hopeful.

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