The FCA is in discussions over plans to introduce a basic savings rate (BSR) to tackle price discrimination in the cash savings market. The regulator says it is concerned that the interest rates that longstanding customers receive on easy access cash savings products are generally lower than those received by customers who shop around.
The government is reportedly considering abandoning the roll out of the pension’s dashboard, which has already been successfully tested for 15 million consumers. According to The Times, Esther McVey, who became secretary of state for work and pensions in January, "has moved to kill off the project" as she does not believe the service should be provided by the state.
Clarification from DWP about how pay outs from protection policies will be treated following changes to the Support for Mortgage Interest scheme. Support for Mortgage Interest had previously been paid as a free benefit covering the interest on mortgages for those claiming benefits such as pensions credit, income support and Universal Credit.
In April 2018, the Minimum Energy Efficiency Standard (MEES) came into force in England and Wales, which required buy-to-let landlords to meet new MEES with a minimum rating of E, with a view to encouraging landlords and property owners to improve the energy efficiency of their properties by a restriction on the granting and continuation of existing tenancies where the property has an Energy Performance Certificate Rating of F and G. Landlords now must prepare for next EPC deadline. All Buy-to-let landlords with existing tenancies on properties rented out in the private rented sector are being reminded to take note of the next deadline that relates to the energy performance of the building.