It remains to be seen whether the increase in probate fees proposed by the Government earlier this year will be resurrected by the new administration, writes Aviva's Mark Cracknell.
If it is, the increase would result in a significant financial challenge for many people. Whilst the policy remains on the backburner during this current period of uncertainty, the protection industry is uniquely placed to consider how it could help bereaved families in the event of a renewed probate fee hike proposal. With an expected £2.5m boost to the Exchequer, it is entirely possible that the Government may revisit their probate fee plans at some future point. It might still meet with...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.