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Nationwide denies key role in Hoddle sacking

Nationwide Building Society is playing down media reports that it threatened to terminate its England sponsorship unless the Football Association sacked Glenn Hoddle.

It categorically denies that it ever said it would ban Hoddle from wearing its logo if he remained in place.

It is also denying that it pressurised Hoddle to sever links with controversial faith healer Eileen Drewery.

Marketing manager Mike Lazenby says: &#34The England boss has a duty to ensure his views do not have a damaging impact on the FA, England players or sponsors.&#34

Press officer Mark Hatton says: &#34We are glad that the FA has acted quickly and decisively. We are now looking forward to concentrating on football matters and the match against France.&#34


UK to spend less as proportion of income by 2050, according to IFS

An Institute for Fiscal Studies study of ten OECD pension systems has shown that only the UK will spend a lower proportion of national income on pensions by 2050. Other countries surveyed included Germany, France, Canada and Australia.Despite this, the combination of state benefits, means-tested benefits and private pensions mean that the incomes of pensioners […]

Mortgage lending figures remained stable in December

Mortgage lending in December rose to £8,030m from £7,866m in November according to the Bank of England.Net lending increased 7 per cent to £2,356m from £2,095m. Approvals were down to £7,673m from £7,793m although actual numbers rose to 83,000 from 82,000.CML director general Michael Coogan says: &#34The subdued state of the mortgage market reflects the […]

CGU hits out at pensions confusion

CGU has attacked the Treasury proposals for stakeholder pensions for adding &#34nothing more than chaos to pension reforms&#34.CGU&#39s head of pensions strategy Jerry Barnfield says: &#34CGU is largely supportive of the Government&#39s aims to encourage wider pensions provision and is committed to working with Government to make the proposals in the Green Paper workable.&#34&#34But what […]

Isle of Man in fraud crackdown

The Isle of Man Government aims to crack down on fraud with a new code to fight money laundering.The code strengthens the record keeping, systems and training requirements for financial services managers.It has also held a series of seminars for senior managers in financial services and will hold a further series of workshops in March.

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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