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News

Regulation

FOS complaint load swells as PPI gripes rocket

The Financial Ombudsman Service (FOS) saw a near-60% rise in complaints relating to payment protection insurance (PPI) in the final three months of 2011.

clock 17 January 2012 •

Income Protection

Govt targets 500,000 fewer disability claims

The government is seeking to cut half a million people from the disability benefits list when the Personal Independence Payment (PIP) is introduced.

clock 16 January 2012 •

Regulation

MAS senior management share £100k bonus

The Money Advice Service's (MAS) senior management team shared a bonus of more than £100,000 in 2010/11, it has been revealed.

clock 16 January 2012 •

Investment General

The 20 most consistent funds over three tough years

First State's Martin Lau has beaten stars including Invesco Perpetual's Neil Woodford and Neptune's Robin Geffen to see his Greater China Growth fund ranked the most consistent performer over the three years to the end of 2011.

clock 16 January 2012 •

Individual

Freedom Healthnet widens age limit

Freedom Healthnet has upped the age limit for clients wishing to purchase its private medical insurance (PMI) plan.

clock 16 January 2012 •

Wrap/platforms

FundsNetwork builds 'no advice' option to counter legacy confusion

Platform FundsNetwork is developing functionality to allow advisers to declare whether or not their post-RDR activities constitute "advice" in a bid to clear up ambiguities surrounding legacy commission.

clock 16 January 2012 •

Tax Planning

Budget 2012: Lib Dems call for mansion tax on £2m homes

The Liberal Democrats are urging Chancellor George Osborne to include a mansion tax on homes worth £2m or more in his Spring Budget announcement.

clock 16 January 2012 •

Income

Just Retirement cuts lifetime mortgage rate

Just Retirement has reduced the interest rate on its Roll-Up Lifetime Mortgage rate from 6.5% AER to 6.4% AER, with effect from January 12.

clock 16 January 2012 •

Offshore Investment

Expatriate warning from HMRC

Advisers are urged by HM Revenue & Customs (HMRC) to warn expatriate clients to be on their guard against falling victim to ‘phishing' emails sent out by fraudsters in the run-up to the self-assessment deadline of 31 January.

clock 16 January 2012 •

Offshore Investment

Bond funds remain most popular asset class worldwide

Latest figures from the European Fund and Asset Management Association (EFAMA) reveal that bond funds were the most popular asset class worldwide in Q3 last year, although down on previous quarter.

clock 16 January 2012 •
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