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BGI sell-off boosts Barclays’ figures

Barclays profits soared by 92 per cent last year to £11.6bn from £6.1bn in 2008 following the sale of its investment business Barclays Global Investors for £6.3bn. Excluding the sale, the profit was £5.6bn, 13 per cent down on 2008.

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Martin Werth: How to close the gap

Fortis Life UK  managing director Martin Werth says he is disappointed that the consumer protection and insurance engagement campaign did not develop but says the industry still has a role to play in closing the £2.3tn protection gap.

Davy leads alternative group

SimplyBiz chairman Ken Davy is to chair a group set up to take forward the FSA’s alternative assessment RDR proposals. It includes ex-CII president Peter Hales, Technical Connection joint managing director Tony Wickenden and Warwick Butchart Associates chairman Len Warwick.

CML predicts a “bulge” in repossessions

The Council of Mortgage Lenders predicts a “bulge” in repossessions in the coming years, increasing from 46,000 to 53,000 this year, according to their fortnightly newsletter.

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