The LITRG has responded to the Financial Conduct Authority’s (FCA) proposed guidance for firms on the fair treatment of vulnerable customers and points out the guidance should be clear that lack of knowledge or capability when it comes to dealing with tax and welfare benefits is a key driver of ...

LITRG's main concern regarding the off-payroll legislation was that business-to-consumer arrangements should be placed outside of the scope of the new rules. It appears that such a carve out has been drafted, which we welcome, although we are not clear why the exemption is framed as it is. We ...

LITRG has responded to the government’s publication of the draft legislation for changes to capital gains tax (CGT) private residence relief (PRR) from April 2020, including the reduction of the final period exemption from 18 to 9 months. Our submission focusses on the impact of the final period ...

The Money and Pensions Service (aka the single financial guidance body) is bringing together the Money Advice Service, Pension Wise and The Pensions Advisory Service. They are asking stakeholders to feed in their hopes and aspirations for the new body and to help shape its ...

The LITRG believes that in order to increase trust in pensions and consequently take-up, there must be clarity and reassurance that contributions and investments are in good hands and well-protected against incompetence and criminality, and that more should be done by the Financial Conduct ...

In responding to the Social Security Committee of the Scottish Parliament’s inquiry into Social Security and In-work Poverty, LITRG has focused on the particular problems facing Universal Credit (UC) claimants in self-employment. We highlighted our concerns that if major changes are not made there ...