The bank of the future
The world of banking is changing – faster than ever. Faced with technology developments, and evolving customer demands, banks must think carefully about their future and the strategy they need to remain responsive and relevant. As well as facing a more competitive...HMRC proposes ISA breach penalties
ISA managers could face new penalties if they break ISA rules, according to proposals put forward by HMRC. The taxman is calling for evidence on the proposals, which aim to shake up the existing system due to concerns that it penalises investors for the bad behaviour...Threat of UK withdrawing from Northern Ireland Brexit deal
The so-called Northern Ireland protocol, agreed as part of the Brexit Withdrawal Agreement in 2019, sets out how trade works in the region following the U.K.’s exit from the EU. The protocol was drawn up to protect the EU’s single market post-Brexit while avoiding a...Banks forced to offer scam victims compensation
The Financial Ombudsman Service, which manages disputes between financial firms and customers, is ruling against banks in 73% of authorised fraud cases, data exclusively obtained by Which? demonstrates. This means if you have been tricked into sending money to a...Further pressure on the Bank of England to raise interest rates
Inflation rose to the highest level in a decade in October amid the squeeze on living standards from soaring household energy bills. A sharp increase in gas and electricity prices pushed inflation as measured by the consumer prices index to 4.2% in October, up from...