The High Court has ruled today in favour of the Financial Services Authority in relation to the mis-selling of Payment Protection Insurance. The British Bankers’ Association launched a judicial review in January in response to the FSA’s approach to the handling of PPI complaints. The FSA suggested that retrospective compensation should be in place for the mis-selling of PPI, which would lead to up to £2.7bn in compensation being paid to 2.7 million people. The ruling means all cases will [...]

Good News! Inflation as measured by the CPI has come down to 4% this month.  This means that those of you with CASH ISAs returning less than this will not be losing quite so much money in real terms as last month!  DID you know that:-  You can transfer your ISA without losing your previous year’s allowances. The Full ISA allowance has increased to £10,680 for this tax year An ISA is free of income and capital gains tax A [...]