The Week in Numbers
£40K – Amount lost by Yorsipp member who complained to the Pensions Ombudsman claiming due diligence failures. The complaint was thrown out last week.
Up to 30% – Estimated hit to fund flows to pension providers if the Government radically reforms pension tax relief
£20m – Level of redress Cash Genie has agreed to pay 92,000 customers following a deal with the FCA
Five – Number of tracker funds on which BlackRock has cut charges with some fees reduced by half
Jan 2018 – Date of implementation for new account standards that could increase the cost of mortgages
18,000 – Number of guidance appointments delivered by Pension Wise since the launch in April, according to the Treasury
£486k – Size of the net estate left by Melita Jackson. Her decision not to name her estranged daughter as beneficiary has been overturned by the Court of Appeal.