Less than 7% of pension scams sent to police for investigation

Less than 7% of pension scams sent to police for investigation

A Freedom of Information (FOI) request has revealed that less than 7% of reported pension frauds were passed to police for investigation in 2019. Wealth management experts Quilter found that just 6.6% of cases were forwarded for investigation and is now calling for financial harms in the Online Harms Bill going through parliament. Extremely complex …

FCA wants mortgage holidays to continue

FCA wants mortgage holidays to continue

Mortgage payment holidays should continue for those still facing financial difficulties because of the pandemic and be offered to those whose financial situation has become newly affected says the Financial Conduct Authority (FCA). The regulator has issued new guidance to lenders as thousands of borrowers are coming to the end of their current payment holidays. …