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Former A&L chief case

Former Alliance & Leicester chief executive Peter White is intending to submit his case for unfair dismissal to an industrial tribunal this week.

White was allegedly ousted in October when chairman and now acting chief executive John Windeler called for a more consensual style of leadership.

A&L now have 21 days to respond to White&#39s submission, which may lead to an out-of-court agreement.

A&L are claiming they have not received any papers from White&#39s lawyers Simmons & Simmons and were not aware of his plans to submit his case this week.


Portman decision on carpetbaggers

Carpetbagger target Portman Building Society is set to announce whether conversion resolutions forwarded by anti-mutual parties are valid this week.Both Portman, Skipton and Chelsea Building Societies are being targeted by website organisers who are campaigning to convert the societies into banks.But Skipton and Chelsea are not expected to make announcements on their conversion resolutions […]

FSA hit squad to target on-line fraud

The Financial Services Authority are training a hit squad of officials to surf the net for on-line fraudsters.The FSA are hoping the move will prove a cost-effective way to crackdown on the growth of UK internet fraud.The regulator has teamed up with international watchdogs, including the US Securities and Exchange Commission, to maximise the officials&#39 […]

RBS splashes out £248m on NatWest bid

Royal Bank of Scotland has spent £248m on its hostile attempt to take-over National Westminster Bank.The sum was disclosed in RBS&#39s official offer document posted to Natwest&#39s shareholders and includes £93m fee to the bank&#39s investment bankers and legal advisers.The arrival of the document starts of the 60-day take-over timetable on the battle for Natwest, […]

FSA rules out Isa mis-buying probe

The Financial Services Authority says it has no plans to a launch major investigation into the potential mis-buying of Isas.Investors are currently allowed to take out a maximum of three mini Isas – in cash, stocks and shares, and insurance respectively.But experts believe many people are breaking the rules by taking out more category of […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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