FCA bans contingent charging on final salary pension transfers

Jun 11, 2020 | Pensions

Buying a house is the biggest financial commitment most of us make. We look at it once, twice at the most, with an estate agent who only gets paid if we buy it. We have a survey if we absolutely have to and ignore it if we still like the house. So if it falls down or we go bust as a result, there’s noone to sue. What if, instead, the estate agent had to be paid upfront whether we buy or not and tell us if he thinks we’d be better off renting or getting on the council list; and if the compulsory survey says it’s not up to snuff, we can’t go ahead. That would be the end of the property market, wouldn’t it? But we’d all be a lot safer, wouldn’t we?

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“Why you should never retire”

“Why you should never retire”

On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.

“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.