Business news

Payroll fraud costs £12 billion per year

SMEs are collectively losing a total of £144 billion a year through fraud, with £12 billion being lost through payroll.

FCA announces early exit charge cap proposal

The Financial Conduct Authority has announced the level at which it will consult to cap early exit charges for consumers wishing to access pension freedoms.

HMRC call times triple

Average HMRC call waiting times have tripled over the last 18 months, resulting in a loss to taxpayers of £97 million last year.

Lack of financial backup planning endangering households

Taking action to secure a financial backup plan? 1 in 5 households would not survive financially if they lost their main source of income through unexpected circumstances.

Growing number of employees not engaged with workplace pension

Fewer employees are seeking financial advice on workplace pensions while around 1.5 million people are unaware of their pension fund choices.

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