No of People Transferring Out of Defined Benefit Schemes Reducing
In general, you’re better off staying in a Defined Benefit – usually a percentage of final salary – scheme according to the Financial Conduct Authority. Full story here.
Tag: FCA
FCA Says 12 Million People in UK Will Struggle To Pay Bills
The Financial Conduct Authority (FCA) estimate that 12 million in the UK will struggle to pay bills such as mortgage and rent. Full story here.
Amigo Loans Now In Trouble With FCA
The Financial Conduct Authority (FCA) has ordered Amigo Loans not to make payments to Directors with permission. See the full story here.
FCA Taking Action Over Low Number of People Taking Free Advice Regarding Pensions
Read this article explaining why the Financial Conduct Authority (FCA) is taking action over the ‘worryingly low’ number of people taking advice from the free Pension Wise service.
Financial Conduct Authority (FCA) Changes To Cause Credit Card APRs To Rise
The FCA have yet again changed the rules around credit cards which will inevitably lead to a spike in interest rates. See the full story here.
Complaints Soar and Income Dives at Amigo
Read this story about Amigo Loans where the cost of complaints has soared recently and revenue has dropped. The FCA have become involved in clearing the complaints backlog.
FCA Scam Protection – Use It Or Lose It!
Are you thinking about investing? Or drawing down on your pension pot? Or Equity Release on your house? Then check you not being scammed. This site set up by the Financial Conduct Authority can help.
FCA Provides Help To Those Suffering With High-Cost Finance
The government, financial regulator and some of the UK’s biggest banks have announced a range of measures to help customers who face financial difficulties if they’re affected by the coronavirus pandemic. See the full story here.
‘Mortgage Prisoners’ Could Be Rescued in Bid to Change Property Rules
Read this article about how property rule changes could help ‘mortgage prisoners’.
FCA Investigating ‘Illogical’ Mortgage Deals
The FCA is looking further into mortgage deals which put people in ‘mortgage prisons’ and prevent them from getting a better deal. See this article.