Category Archives: wonga

WONGA – The context of the decision


  The decision of the FCA to enforce a section 166 order on Wonga demonstrates a new intent to get to grips with bad behaviour in the financial community which has got to be good news for us in pensions. … Continue reading

Posted in Debt, pensions, wonga | Tagged , , , , , , , | 1 Comment

Why HMRC is right on peer to peer lending (and Polonius got what he deserved)


Dan Hyde writes in the Telegraph that HMRC are considering allowing peer group lending as a legitimate investment for an ISA. Peer Group lending is the Betfair of debt. You lend your money through a portal such as ZOPA who … Continue reading

Posted in actuaries, advice gap, pensions, wonga, workplace pensions, zopa | 4 Comments

Paying as you earn; the best way to save


Monday will see the start of the benefits changes that will climax in the full introduction of the Universal Credit in a year’s time. This is not an article about these changes. But it takes it kicks off from a brilliant … Continue reading

Posted in Change, dc pensions, Financial Education, Martin Lewis, Payroll, pension playpen, pensions, St Paul's, Trades Union Congress, wonga | Tagged , , , , , , , | 19 Comments

Can pensions help you when you’re broke?


When I was a financial adviser, I often hear people say that they couldn’t afford to save into a pension. When I probed, this objection often boiled down to  a fear that “tying up money” left people scared that in … Continue reading

Posted in pensions, wonga, zopa | Tagged , , , , , , , | 4 Comments