FSA report shows that with-profits policy holders are still not being treated fairly
29/06/2010
The Financial Services Consumer Panel has expressed grave concern at the findings of the FSA’s with-profits review published today (29 June).
More Stories
Savers pay the price for rising inflation
Inflation rates are up, and with savings rates still in the doldrums, anyone relying on their savings for income may find the real value of their capital actually diminishing.
"Those in retirement need greater exposure to stock markets to offset falling annuity rates"
An Annuity Index which tracks the income paid on standard and enhanced annuities, reveals that rates have continued to fall over the last quarter, albeit at a slower pace, leading for a call for those approaching retirement to consider maintaining exposure to the stock markets in order to potentially generate better returns and negate the impact of inflation.
Could you benefit from emerging markets? Find out in this Thursday's webchat
Funds which invest in emerging markets have become increasingly popular with investors. More recently, the global financial crisis has helped to boost the attraction of emerging markets debt. To find out why and where you could invest for strong returns, join chataboutmoney.com for a live web chat on the 22 April 2010, at 1pm.
FSA warns 'penny share' customers
The Financial Services Authority (FSA) is taking action against penny share dealers after finding that older people are being targeted with high pressure sales tactics.
In search of a secure income during retirement
Many investors are searching for ways to generate income, and annuities could be hailed as a surprising saviour, says Nigel Callaghan, Pensions Analyst at Hargreaves Lansdown.
Investors: don’t just sit there!
Last year was an appalling one across almost every investment market.
That makes it even more important to dust off your pension portfolio in 2009, says Chris Budd of Ovation Finance.
Brown promises "to help older savers"
Thousands of UK pensioners who have spent decades working and saving for their retirement watched in horror last week in horror as The Bank of England drops interest rates to just 1.5 per cent, to the lowest level in its 315-year history. As a result, many pensioners will find their hard-earned savings earning interest at rates below inflation - and they will no longer provide the income they need to survive.
Interest rate cuts bring gloom to pensioners
The drop in interest rates may be welcome news to mortgage payers and business, but millions of pensioners are being penalised by the emergency action.
Money: what lies ahead in 2009?
2008 was a bad year for almost all of us - with savings and investments plummeting, dragging pension funds down with them. So what will 2009 bring? We asked the experts at Hargreaves Lansdown for their prognostications.
Savings protection raised to £50,000
The Financial Services Authority (FSA) has increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
Good news if you've ever contracted out of SERPS
Have you contracted out of the State Second Pension or SERPs at any time in the last 20 years? New rules being introduced could allow you to breathe new life into your pension(s) and allow you to consolidate them into a single, easy-to-manage account.
Check out your bank investment funds!
Investors who have put their faith in high street bank investment funds have had to endure shockingly bad performance, according to new data from investment fund analyst Moneyspider.com. So would it be better to consider other places to keep youur money safe - and growing?
Expats should check their investments – or face “a ruinous future”
Thousands of Europe’s UK expat investors/PEP and ISA holders could be facing a ruinous future by not bothering to review their portfolios during the current climate of market volatility and currency decline, warns online investment funds analyst Moneyspider.com.
Financial turbulence - it's not all bad news for investors
When the sales are on, we all rush out to buy new shoes and cookers to take advantage of the low prices. So with the credit crunch and turbulence in the money markets, is THIS is a good time to be ramping up our investments?
