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MPs dig themselves out of trouble

In a scene reminiscent of Shallow Grave, the Diary observed a series of shadowy figures gathering in the House of Commons car park this week.

As the sky darkened and snow flurries started, the thudding of spades being thrown into the boots of cars could be heard from St Stephens Gate. The Diary hears several of the MPs returning to constituencies in the North had been warned of severe drifts of several feet of snow.

They prepared to face oncoming blizzards in Yorkshire and Lancashire armed with trusty garden utensils and flasks of soup. A rush on spades and garden equipment from DIY shops in the Westminster area is expected in the next few days if the cold snap continues.

The party faithful have clearly followed Mr Blair&#39s example this week on digging oneself out of rather big holes.


IFAs&#39 anger at HBOS rethink over BTL

HBOS&#39 restriction on the number of buy-to-let properties that an investor may hold in his portfolio has angered brokers. Residential property investors were previously able to have a maximum of 45 properties in their portfolios across the group, with 25 properties resting with BM Solutions, 10 pro-perties with The Mortgage Business and 10 with Bank […]

FSA fines inividuals for distorting financial results

The FSA has taken its first enforcement action in relation to senior management of an insurance company, banning six former directors of a UK insurance company called Chiyoda Fire and Marine Insurance Company for their role in distorting financial results in 1999 and 2000.Three individuals, Yoshiaki Yamazaki, Hiroshi Okazaki and Robert McKibbin are prohibited from […]

Equitable should back campaign for Gvt compensation – action groups

Equitable Life Action groups have joined forces to strengthen calls for Equitable to back a campaign for Government compensation. Seven action groups have come together in a single movement called E7 which wants the society to put its weight behind calls for £3 billion of compensation from the Government. E7 spokeswoman Liz Kwantes says the […]

Emergency treatment for critical-illness cover

The critical-illness concept looks set to undergo surgery but in what shape will it emerge? Legal & General&#39s recent survey on the future of the market confirmed that IFAs are keen to keep the guaranteed model. Life Policies Direct director Jason King says only 28 per cent of its CI sales since the beginning of […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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