Does David Cameron understand his own pension reforms?

Does David Cameron understand his own pension reformsPensions are complex at the best of times and you could be forgiven for getting confused from time to time. Indeed, one of the reasons many people are ‘turned-off’ by pensions is due to their complexity. But, you would expect the Prime Minister to understand his own pension reforms, especially when he is so keen to promote them. However, his guest blog on Money Saving Expert, published earlier this week, contains clear mistakes, which highlight the importance of getting the detail right when it comes ...

Rogue claims management companies face crackdown

Rogue claims management companies face crackdownNew figures, from the Ministry of Justice, show that hundreds of rogue claims management companies were closed down, or warned about their practices, during 2012. The claims management industry has grown significantly over recent years; as have concerns about many of their practices, which often include unlawful and unsolicited use of text messages and emails to generate new enquiries. The industry is regulated by the Ministry of Justice, whose Claims Management Regulation Unit has shut down 209 firms between April and ...

25% of claimants don’t know about PPI claims fees

The mis-selling of Payment Protection Insurance is perhaps the biggest and most costly financial scandal ever in the UK. However, new research has shown that a quarter of people using claims management companies to handle their case are unaware of the fees they will be charged. Fees for Claims Management Companies A survey of more than 2,000 people, carried out by Which? and Moneysavingexpert found that 25% said they did not know Claims Management Companies charged a fee for handling their case. The fees charged by Claims Management Companies are generally around 25% of the claim and can run into many thousands of ...