Changes to Financial Services Compensation Scheme (FSCS)
From 1 January 2016, British savers will receive a lower guarantee on their deposits. At present, in the unlikely event that a UK bank or building society collapses, the Financial Services Compensation Scheme (FSCS) will pay compensation of up to £85,000 per person or small business, per authorised bank or…
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Yet another pension revolution?
For anyone who has spent the past 12 months getting to grips with the new pension rules, the news that another ‘revolution’ may be round the corner will not necessarily be welcome. However, this now looks likely following Chancellor of the Exchequer George Osborne’s announcement of a new consultation on…
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