Saturday, 20 March 2010

Personal Finance News

The new Government Scheme for Pensions is coming under attach because of high charges. This from a government who have spent millions in decrying the investment industry. Not only are the charges poorly thought out the fact is that for the pensioners who will need the most help are the very pensioners on whom the impact will be greatest.

We then discover that SERPS pension entitlement is not going to rise with inflation as was clearly promised in the sales literature and are now being accused of mis-selling. Frankly this is exactly the type of story that should be filed under the you could not make it up category.

A special tax concession for overseas football players is causing a storm s many ask why overseas footballers playing here should receive special treatment when compared to Tennis players or other sportsman.

Keydata victims are complaining as many appear to be losing out despite having thought they were protected by the FSCS ( Financial Services Compensation Scheme). It appears that some are not has they are not covered by the fraud that was perpetrated on Keydata by the firm in Switzerland that was looking after the funds. Keydata was authorised by the FSA

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