View more on these topics

Cameron hints at RBS sale ahead of election

Prime minister David Cameron

Prime minister David Cameron has hinted he wants to sell off the Government’s stake in Royal Bank of Scotland by offering shares to voters ahead of the next election.

According to the Financial Times , Cameron said yesterday he is open to the idea of “involving people in owning this bank in a genuine way”.

He said he wants the bank to return to “good health” and be ready for a sale “as fast as possible”, which could see it privatised as early as next year.

The FT says the Treasury is considering a business model where shares would be distributed to up to 45 million people at a pre-determined price base.

The public would not pay any money for the shares but would benefit from any rise in the share price above the base rate. The Treasury would recoup the base price when the shares are sold.  


Aegon distribution arm posts £2m loss as pensions earnings plummet

Aegon’s distribution arm which includes Origen and Positive Solutions has posted a combined pre-tax loss of £2m for the first quarter of 2013. The distribution arm, which also includes Aegon’s 22 per cent stake in Tenet and its 3.5 per cent stake in Lighthouse, made a £1m pre-tax loss in the first quarter of 2012. […]


Euro regulator sets out pensions tax harmonisation proposals

An influential European regulator has published a discussion paper suggesting pension tax regimes may need to be harmonised across Europe to create a single market for personal pension products. The European Insurance and Occupational Pensions Authority, or Eiopa, has been asked by the European Commission to provide advice on enabling “cross border activity” for personal […]

CML: Repossessions in decline as BTL market grows

The number of repossessed UK homes fell 17 per cent year-on-year in the first quarter of 2013, according to the latest figures from the Council of Mortgage Lenders. In the three months ending 31 March, there were 8,000 repossessions, compared with 9,600 in the first quarter of 2012. This means around 0.07 per cent of […]

West Brom cuts maximum age at end of term to 70

The West Bromwich Building Society has made a number of criteria changes including cutting the maximum age for borrowers at the end of the mortgage term from 80 to 70 years old. Previously, the building society would allow a borrower to take out a loan beyond their retirement to age 80, as long as they […]


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. An interesting sop to the ‘plebs’ prior to tht election.

    You now have the opportunity to buy again what you have just spent nearly 5 years paying for anyway.

  2. So, lets get it right, the government is going to sell us what we own already, neat trick.

  3. UKIP headline “scrap RDR”

    I know who got and gets my vote !!!

Leave a comment