New PPI gold rush: Ruling on hidden fees may spark millions of fresh payout claims… even from people who were happy with their policy Banks have forked out £38billion for mis-selling payment protection insurance Court rulings have found some policies ‘unfair’ due to hidden commission fees Commission accounted for more than 95 per cent of … Read more
Small firms face higher fees to sell on Amazon as Internet shopping giant hopes to absorb new UK digital tax By Matt Oliver For The Daily Mail Published: 21:50 BST, 5 August 2020 | Updated: 21:50 BST, 5 August 2020 Amazon is facing a backlash after it announced plans to hit small businesses that sell … Read more
Purple Bricks looks to abandon cheap fixed fees and start charging estate agency fees from autumn Online estate agent Purple Bricks could change its flat fee pricing structure The agent announced plans for a pilot to test a ‘hybrid system’ in the autumn Planned pilot was set to launch in Spring but was delayed by … Read more
Government urged to axe rip-off retirement home fees in small print as crackdown is delayed There are hidden fees for selling a deceased relative’s retirement home Many retirement property firms are taking between 1% and 30% of the proceeds Charity Age UK is calling for the fees to be scrapped altogether By Sarah Bridge for … Read more
The penny hopefully dropped some time ago on how high charges eat returns when we invest for retirement, but do investors also pay enough attention when it comes to drawing on their pension? The difference in investing a £250,000 pension pot for drawdown retirement income between the most expensive and cheapest providers would be £11,300 … Read more
Students complain they are not getting value for their £9k tuition fees in the wake of the coronavirus pandemic and lecturer strikes, research shows Students complained of ‘massive gap’ in learning while paying full tuition fees Annual Student Academic Experience Survey questioned over 10,000 students Numbers reporting ‘good or very good value for money’ declined … Read more
Thousands of foreign students have said they won’t come to Britain to study for degrees if the courses were put online without a reduction in fees. Last week, university leaders unveiled a series of proposals for easing out of lockdown – which included using a ‘blended’ learning approach, with a mix of online and face-to-face … Read more
Regulator puts a stop to pension switch fees amid fears of a mis-selling scandal By Daily Mail City & Finance Reporter Published: 21:50 BST, 5 June 2020 | Updated: 21:50 BST, 5 June 2020 The Financial Conduct Authority has banned lucrative incentives pocketed by financial advisers The City regulator has banned lucrative incentives pocketed by … Read more
Restaurateurs attack ‘greedy’ delivery firms like Deliveroo, Uber Eats and Just Eat for charging up to 35% per item By Daily Mail City & Finance Reporter Published: 21:51 BST, 3 June 2020 | Updated: 22:38 BST, 3 June 2020 Food delivery giants are forcing restaurants to pay high commission rates and risk driving many out … Read more
Investors trying to cash-in on the stock market slump during lockdown trigger a bumper rise in AJ Bell’s customer base as it rakes in 45% extra from trading fees AJ Bell’s customer numbers rose by over 30,000 in past six months Group’s revenue up over 20%, while cash from fees jumps sharply Shell, Lloyds and … Read more