View more on these topics

NatWest attacks both suitors

National Westminster Bank is attacking both Bank of Scotland&#39s and Royal Bank of Scotland&#39s hostile take-over bid plans as too risky.


Natwest&#39s double bid defence document slams both plans, setting the scene for a full-scale bidding war in the new year.


Both Scottish banks&#39 plans were rejected on the grounds of their IT plans and the ability of management to deliver total cost savings.


The rejection means both banks are loosing the chance of securing a recommendation from the Natwest board.


Analysts predict the ultimate victor will be RBS, in spite of the lower value of its bid.


Recommended

FSA points to firms&#39 compliance failings

The FSA says 99 out of 100 companies are failing to comply fully with itsrules. The regulator&#39s internal study revealed only 1 per cent of firms arefound to be fully compliant when it conducts routine inspections. But itsays the figures must be looked at in the context that the changes itenforces are usually minor and […]

Attack on Government pension planning blight

The National Association of Pension Funds has attacked the Government for making creating a “planning blight” causing uncertainty in company pension schemes .The climate of uncertainty is being created by the Government&#39s continued consultation on stakeholder pensions. The NAPF annual survey of 700 pension schemes revealed 72 per cent of money purchase company pensions still […]

Autif traces stocks surge

A surge in technology funds investment can be traced to interest from private retail investors, according to the Association of Unit and Investment Funds.November&#39s figures from the Autif show a record inflow of £220m plus a 200 per cent rise in technology fund sales.In total £247m flooded into the global specialist sector, with 90 per […]

CML ask to halt repossession chase

The Council of Mortgage Lenders is asking members to stop chasing repossession victims&#39 outstanding mortgage debts after six years.The move follows a recent report by the National Association of Citizens Advice Bureaux recommending a cut to the accepted limit of 12 years to pursue shortfalls, to a voluntary six week limit. Following the NACAB report […]

Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com