Charlotte Jackson, Head of Pensions Guidance Services at the Single Financial Guidance Body commented: “The increase to the Financial Ombudsman Service (FOS) award limit means that from April consumers will have access to a higher level of compensation from financial services firms when a complaint is upheld. This will give added protection and assurance to consumers when using a certified...

Melinda Riley, pensions expert and Head of Technical and Advocacy team, at the Single Financial Guidance Body, commented: “The Single Financial Guidance Body welcomes the increase in minimum pension contributions. Most people would like to be able to choose to stop work one day and choose how they live. We would encourage everyone to keep paying into their pensions pot if at all possible,...