FCA confirms provisional list of regulated funeral plan providers
Ahead of the deadline for regulation of the funeral planning market on 29th July, the Financial Conduct Authority (FCA) have released a provisional list of approved providers it intends to authorise. As of Friday 17th June, just 24 firms are proposed to be regulated, making up c.87% of the market according to the FCA. It […]
No Interest Loan Scheme to be rolled out across UK
Following a successful trial in Manchester, the No Interest Loan Scheme (NILS) is to be rolled out across the UK to 20,000 people as the scheme enters the second phase of its pilot. The NILS offers interest-free credit over 6-18 months of up to £2,000 for people who cannot afford the interest on a standard […]
Early Bird Deadline today, don’t miss out!
Early Bird entry for this year’s British Wills and Probate Awards ends today! But don’t worry, there’s still plenty of time to enter and you don’t need to submit your entry immediately. The deadline for registration is Friday 22nd July with a final submission deadline of Friday 29th July. Early bird entry entitles you to […]
Court clears mathematician of “bullying” mother into changing her will
A High Court judge has cleared 76-year-old mathematician Jason Abdelnoor of any wrongdoing after it was claimed he had “bullied” his late mother, Pamela Abdelnoor, into changing her will so as to net himself a greater proportion of her estate. The accusation came from businessman Elten Barker, 49, Jason’s nephew and grandson of Pamela. Elten […]
Triple lock set to apply for state pensions next year
Answering a question from Labour MP Janet Daby on whether the government will do anything to help pensioners cope with inflationary pressures, a Conservative MP has said that the triple lock will apply for the state pension next year. Simon Clarke MP, Chief Secretary to the Treasury, said: “Next year, the triple lock will apply […]
Booming later life lending market now worth £154 billion
New research has revealed that the later life lending market in the UK is now worth a striking £153.9 billion. The market is defined by AKG Financial Analytics as “standard, retirement interest-only or equity release mortgages for borrowers over the age of 55 with terms that extend into, or start during, retirement”. Key Group, commissioners […]