Papers

Husband and wife teams running their own companies will be receiving letters from the Inland Revenue warning them not to use dividend payments to reduce their tax bills, The Daily Telegraph reports.

Commons MPs voted to reject a Lords amendment on the 75 age rule affecting annuities - among other changes - which means the Pensions Bill will go back to the upper chamber for a final push to reach a deal in time for the Queen's Speech.

Co-operative Insurance Society is to close 106 branches with the loss of about 900 jobs as part of a restructuring that will eventually see some 2,500 employees dropped, reports The Daily Telegraph

Norwich Union has added its voice to those urging customers to rejoin SERPS as the industry struggles with the ongoing issue of endowments and fast rising costs to employers of providing pensions, The Scotsman writes.

Chancellor Gordon Brown may announce changes to CGT taper relief in the upcoming Pre-Budget Report, in order to stimulate stock market investments, The Times writes today.

In an unprecedented move the Bank of England included specific reference to house prices in its latest inflation report published yesterday, as well as suggesting it believes the rate cycle has peaked.

Munich Re, the biggest reinsurer has issued a warning this year's hurricane season in the southern US will hit full-year profits, while insurer Aon has warned regulatory investigations into payments from insurers to brokers could spill into other markets...

Standard Life is upping the standard of its corporate reporting as it butters up the City ahead of a planned floatation, The Daily Telegraph says.

Just one day after Bush was given another four years in office, the first guilty verdicts were delivered from a criminal trial linked to the Enron scandal - centred on Bush's home state of Texas.

Secretary for Work and Pensions Alan Johnson's all but admitted the government is to force employers to contribute to employees' pensions, The Daily Telegraph writes.