The government has consulted on reforms to make it clearer who is eligible for Funeral Payments, which it says will make it easier for people to claim.
Recipients of Funeral Payment will now receive contributions from relatives, friends or charities without it being deducted from the payment. The claim period will be extended from 3 to 6 months from the date of the funeral. In addition claimants will be able to submit evidence electronically and there will be a shorter application form for children's funerals. Funeral Payments are available to people who receive certain income-related benefits to help people towards the cost of a funeral...
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.