The FT reports the Bank of England is expected to decline the opportunity this week to send gener...
The FT reports the Bank of England is expected to decline the opportunity this week to send general election voters to the polls with a promise of another cut in mortgage rates. The Bank's interest rates decision is announced Wednesday, the day before the election, but according to the newspaper forecasters believe it highly unlikely that rates will be cut again from 5.25 per cent.
The FT also reported over the weekend that some of the UK's largest fund managers are failing to sell their brands to rich investors. The report is based on a new report into the funds chosen by the wealthiest 2% of households, which own a third of all liquid financial assets. One in three of this core target group for unit trusts and investment trusts failed to recognise the names of at least seven of the 10 largest funds in a survey carried out by Tulip Financial Research.
According to the Telegraph around 1.7m members of Friends Provident will have the chance to approve the mutual life insurer's plans to float on the London Stock Exchange and pay them windfalls, at an extraordinary meeting at Wembley on Wednesday. Members choosing to vote by post must have their voting forms back by today.
The Times says sales of private medical insurance (PMI) plans are set for a resurgence after a decade in the doldrums, according to a leading healthcare analyst. The annual PMI report from Laing & Buisson, to be published this week, shows a turnaround in the number of people with medical insurance, up 5.5 per cent on last year's figures.
Banks and building societies are to be told to treat their customers more fairly following an extensive review of their practices commissioned by Gordon Brown writes the Guardian. Submitted to the Treasury late last week, a report calls on the banks to develop detailed rules for dealing with customers who are in financial difficulty.
The Guardian also reports Gordon Brown will insist tomorrow that Britain has the right to decide on its own tax policy when he resists fresh attempts to impose harmonisation in the politically charged area of energy across the 15 states of the European Union.
Finally, the Times says the Church of England is considering whether to sell its stake in Provident Financial following a sustained campaign against the doorstep lender's high interest rates. The estimated £12 million investment is being reviewed by the Church Commissioners' ethical advisory group after ecumenical group Church Action on Poverty (CAP) raised concerns on the issue.
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