Papers

Royal Bank of Scotland subsidiary Mentor has had to suspend operations because insurance cover sold on its business advice given failed to make the grade under new general insurance regulations, The Daily Telegraph reports.

Chancellor Gordon Brown's borrowing and debt rules will not be possible to maintain unless taxes are raised by £11bn annually, according to analysis from the Institute of Fiscal Studies.

Young Scots may flee south of the border to take advantage of the plans announced yesterday to provide cheaper housing to first time buyers, The Scotsman says today.

Bank of England governor Mervyn King has warned chancellor Gordon Brown he needs to keep on top of borrowing in the medium term.

Yesterday's Financial Services and Markets Tribunal ruling in the battle between the FSA and Legal & General over alleged endowments mis-selling takes top billing in today's papers.

Bradford & Bingley's mortgage product launched yesterday has drawn criticism from mortgage sector analysts and MPs for possibly plunging borrowers into negative equity at a time when house prices are predicted to do nothing or even fall through the next...

The Equitable Life Members Action Group has urged the Financial Ombudsman to open a fresh investigation into the mutual society's huge overpayment of bonuses during the 1990s, says this morning's Daily Telegraph.

No-win, no-fee endowment advice firm Brunel Franklin has decided to "name and shame" Halifax because of what it sees as unreasonable behaviour, reports The Daily Telegraph.

Two papers carry stories on how Aberdeen Asset Management struggled through the negotiations that ultimately led to the £194m agreement between most of the providers of split capital investments trusts investigated by the FSA.

The Faculty of Actuaries is looking to a ‘middle way' to stave off regulation that could see members lose the ability to set own standards for the profession, The Scotsman reports.