Chances of an interest rate rise before the expected general election increased yesterday after suggestions the Monetary Policy Committee is split on the issue, The Daily Telegraph says.
THE ASSOCIATION OF BRITISH INSURERS will later today call for the abolition of upfront commission, in a report likely to horrify Britain's 20,000 independent financial advisers, writes the Guardian .
New calculations as to the cost of covering existing public sector pension benefits accrued suggest the total of £690bn would dwarf the £417bn of public sector net borrowing.
Warnings sounded off on both sides of the Atlantic yesterday on the possibility interest rates may have to rise further than previously thought.
Insurers and employers could be on the hook for hundreds of millions of pounds in compensation for workers exposed to asbestos who have yet to develop any malign disease, following a landmark ruling in the High Court yesterday.
The UK's housing boom of the last decade looks set to take a tumble with the downturn in buy-to-let mortgages signalling the bottom end of the market is breaking down, the FT says.
Chocolate and kisses were definitely off the menu over the weekend when a demonstration was held in central London to protest the government's handling of bankrupt pension schemes, The Daily Telegraph writes.
A letter from FSA chief executive John Tiner to Liberal Democrat Treasury Select Committee member Norman Lamb suggests the regulator dropped its criminal investigation into the split capital investment trust sector many months before its Christmas Eve...
Lloyd's of London's chief executive Nick Prettejohn has charged the FSA with being too soft on insurance brokers and underwriters on the issue of commissions and fees, The Daily Telegraph reports.
FSA action to beef up the financial stability of Standard Life forced the company to sell some £7.5bn worth of equities a year ago that would have brought a profit of £800m to with-profits policyholders because of stock market gains, The Scotsman writes....