Papers

The pressure on life assurers was starkly laid out with the announcements yesterday of another 1,330 job cuts in the industry, the FT reports.

LIGHTER TOUCH regulated low-cost savings products could still bring new mis-selling claims from people who lose means-tested benefits as a result of buying them, the Daily Telegraph reports the Financial Ombudsman as saying yesterday.

PENSION SCHEME members who already lost some or all of their retirement savings when their employers went bust could now also lose out on means-tested benefits if they become eligible for help from the government's £400m rescue fund.

AROUND 500,000 EXPATRIATES who left the UK but are now living on a frozen pension will have to wait until next February to find out whether they will get them upgraded, says the Daily Telegraph .

Chancellor Gordon Brown looks set to give in to public opinion after yesterday revealing plans to abandon a 1.9p-a-litre increase in petrol and diesel duty in September, if world oil prices remain high through the summer.

Household debt in the UK will hit £1trn in the next few weeks following the Bank of England's publication yesterday of its latest lending figures, says The Daily Telegraph.

ONE OF THE executives at the centre of the Equitable Life scandal appears to have struck a deal with the FSA and escaped a lifetime ban from the City, suggests this morning's Daily Telegraph .

This weekend's killings of foreign oil workers in Saudi Arabia has brought energy prices and Middle Eastern politics to the front pages of most papers still today.

BOOTS has shocked the finance industry and reverse its strategy of investing its entire £2.8bn pension fund in bonds, says the Times .

THE NUMBER of staff joining their company pension scheme has dramatically fallen over the last year, a report by IFA Origen revealed yesterday.