“FSCS receives claims for defined benefit transfer advice”

Mar 23, 2018 | Financial Services

An independent (financial adviser’s) view

If a builder promises to finish a job on time for a bargain price, doesn’t and charges you a fortune for an extension which falls down, it’s more than likely to be a case of ‘caveat emptor’. But when you’re promised a guaranteed return of 20% a year if you move your pension into an offshore fund investing in storage pods in Gravesend and, surprise, surprise, you lose all your money, fear not, you’ll be compensated. Here are some comments from adviser colleagues:

‘Regulation is for the good guys only. The bad guys just ignore it and get away with it’

This shouldn’t be a surprise. If a yob keys your car he’ll probably get away with it. If you park the same car quite legally but overstay you’ll get a big fine’.

Read more here

“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.