House of Lords

The House of Lords have criticised the Treasury for producing "over-optimistic" forecasts which is making it "more difficult than it needs to be" for the Bank of England to set interest rates.

The Pensions Bill has finally been passed in the House of Lords after last minute wrangling, taking effect in law by April next year.

Final changes to the Pensions Bill will be known today with one last push to pass an amendment concerning the 75-age rule affecting annuities, says Liberal Democrat pensions spokesman Lord Oakeshott.

A final vote in Parliament has put Home Information Packs into law, which could cost house sellers up to £1,000 each.

There is a case being assessed by the House of Lords at present, which could have serious implications for the financial services industry and the recognition of human rights.