The influential cross party Treasury Select Committee has slammed the banks
for treating low-income earners as ‘second class citizens’ following the release
of a new report.
The report –
The Unbanked – urged banks to get rid of ‘unreasonable’ penalty charges and
introduce a £10 penalty-free buffer zone to help those on low incomes to manage
John McFall, Labour and MP
and head of the committee giving basic account applicants “short shrift” and
urged them to do more to include low-income customers.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.