Business Interruption Insurance Delays
As a result of COVID, thousands of companies across the UK have found their income streams have stopped and as such have turned to their insurers for business interruption pay-outs. Following the Supreme Court ruling in January 2021, insurers must pay out on business interruption insurance policies for the first national lockdown. However, many businesses […]
Exciting news coming soon…
Recently, the Assured Consultancy team has been back at the drawing board developing and implementing some exciting new plans for the company. We can’t reveal all just yet, but look forward to updating you on what’s new soon!
The FCA clamps down on poor pension transfer advice
Which.co.uk have stated that the FCA are taking action following an investigation into pension transfers, recognising that ‘too many people have been given poor pension transfer advice’. The Financial Conduct Authority (FCA) is banning the use of ‘no transfer, no fee’ charging models for pension transfer advice from October. It comes after the regulator has […]
Financial Services industry faces potential new misselling claims
The FCA has found that out of a sample of 162,000 people that transferred out of defined-benefit pensions, 29% were unsuitable and another 23% of cases were unclear, opening the door for an influx of misselling claims within the financial services industry. In particular, it was noted this sample transferred out of defined-benefit / final-salary […]
“David Khan has been brilliant in this role in Manchester”
“The cornerstone of a SMBP Work Insight and Skills week is our unique Resilience workshops which we conduct up and down the country in partnership with some of the biggest Foundations In professional sport including the Manchester United Foundation and Ulster Rugby. These days would not happen without the commitment of our volunteer Resilience Coordinators […]
SIPP Provider Claims
The Financial Services Compensation Scheme have received over 1,400 claims against recently collapsed Sipp provider Berkeley Burke. Their investigation is currently underway after finding that at least one of the claims is eligible, and it could see the Scheme pay out up to £158 million in compensation. The FSCS have said it was aware that […]
Data Breach – Virgin Media
Virgin Media faces a compensation bill of £4.5 billion after leaving customers’ private details online. The telecoms giant left the personal details of 900,000 customers accessible for ten months. Most phone networks automatically block the sites and ask users to provide proof of age. The data breach did not include passwords or financial details. A […]
VW Emissions
Volkswagen admitted in 2015 to fitting 11 million vehicles worldwide with software to make engines appear less polluting in regulatory tests than in real driving condition. It now faces the threat of a hefty payout in Britain after a court ruled that more than 90,000 drivers vehicles had unfairly been put through the emissions tests. […]