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View Article  Third of all client complaints against just three banks
A third - or almost 30,000 - of all consumer complaints referred to the financial ombudsman (FOS) in the second half of last year were against just three high street banks. Figures released today by the FOS show there were 27,137 new grievances against Lloyds TSB, Barclays and Bank of Scotland in the six months to 31 December 2009, with Lloyds the subject of 9,952 complaints.   more »
View Article  Inheritance tax, trusts and the illigitimate son Alistair, that you never knew you had
Mrs Fiddler is a widow with 3 grown up children Tom, Dick & Harriet. She wasn't yet aware of her illigitimate beneficiary Alistair, who would inherit twice as much as her other children. . .   more »
View Article  Are the FSA good value for money?
" It should be remembered that the Mortgage Code Compliance Board (MCCB) looked after around 10,000 firms and 38,000 registered sales staff at a cost of £4.4 million per annum. This cost is less than the increase in actual costs required by FSA to cover the same, but smaller, sector this year. The FSA has a cost budget this year of £15.6 million for the sector."   more »