Record amount of PPI claims made to the Ombudsman

Complaint formA massive 86% of all complaints made to the Financial Ombudsman Service (FOS), in the last six months, were regarding Payment Protection Insurance (PPI). Banks, as well as the Ombudsman service, have been handling complaints for PPI mis-selling for a number of years now, but despite this the number of complaints is still at a record high. The FOS handles cases where the complainant and the seller of the PPI product, cannot reach a satisfactory resolution to the case; over a quarter ...

Annuities: How to protect yourself from the three hidden risks of buying an Annuity

iStock_000020571826_ExtraSmallDespite rates falling over the past few years, around 400,000 Annuities are bought each and every year by retirees the length and breadth of the UK. An Annuity is generally perceived to be the lowest risk option for people wanting to turn their pension into an income. But whilst the income it provides is guaranteed, there are risks with buying an Annuity. We thought we’d take a look at three of them and suggest ways to ...