Martin Lewis highlights the hidden penalties associated with Lifetime ISAs, warning that withdrawing funds for any reason other than buying a first home or reaching retirement age incurs a 25% penalty. The article also discusses changes to Winter Fuel Payments and other financial news.
The Reserve Bank of India (RBI) has imposed penalties on HDFC Bank and Axis Bank for non-compliance with various regulations, including those related to interest rates, customer service, KYC procedures, and agricultural lending. HDFC Bank was fined for offering gifts exceeding ₹ 250 crore to depositors, opening savings accounts for ineligible entities, and violating customer contact time regulations. Axis Bank was penalized for opening savings accounts for ineligible entities, violating customer identification code guidelines, and failing to adhere to collateral security requirements for agricultural loans.
England and Switzerland battled to a 1-1 draw after regulation time in their Euro 2024 quarterfinal clash, sending the match into extra time. Yann Sommer, the Swiss goalkeeper, has a mixed record when facing penalties, making him a key figure in the potential shootout.
In an effort to curb dangerous driving behaviors, Saskatchewan is implementing enhanced penalties for excessive speeding, stunting, and racing, effective Wednesday. These penalties include a 30-day vehicle impoundment and a seven-day license suspension for first-time offenses. The province is also increasing fines for these violations, with stunting now carrying a fine of $580 (up from $150) and first-time street racing offenses costing $580 (up from $205). Repeat offenses result in even higher fines.
