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Friends Life has revealed its gender pipeline plans, which state applications must be fully underwritten and placed on risk by 21 December to obtain gender-specific rates.

The UK consumer prices index fell from 2.5 per cent in August to 2.2 per cent in September, while the retail prices index dropped from 2.9 per cent to 2.6 per cent, according to the Office for National Statistics.

The Isa limit will rise by around £240 to £11,520 from April 2013 after CPI hit 2.2 per cent in September.

The Government’s proposals to introduce a “pot follows member” automatic transfer system for small funds could cost savers a quarter of their pension, according to an influential group of experts.

British Bankers’ Association chief executive Anthony Browne has pledged to ensure interest-only mortgages do not become a misselling scandal after Conservative MP Andrea Leadsom questioned whether the products are a “ticking timebomb”.

The Royal Bank of Scotland could sue Santander after the Spanish bank announced it had pulled out of a deal to buy 316 branches on Friday, according to reports.

The Serious Fraud Office has dropped its investigation into Icelandic bank Kaupthing on the grounds of insufficient evidence. Kaupthing has been under investigation since December 2009 in relation to suspected fraud offences committed prior to the bank’s collapse in October 2008.

The Northern Rock brand has finally been retired after Virgin Money completed its rebranding exercise this week. Northern Rock’s mortgage application system has changed to Virgin Money Online and the Northern Rock website now links to the Virgin Money site.

Threadneedle has hired John Peta from Acadian Asset Management to lead its emerging market debt team alongside Henry Stipp. Peta replaces Richard House who left Threadneedle to join Standard Life earlier this year.


Advisers criticise FSA role in MAS scrutiny committee

Advisers have hit out at the FSA for setting up a body of its own board members to scrutinise the Money Advice Service, and are calling for a more independent body. The minutes from the regulator’s July board meeting reveal a special committee will review the MAS’s business plan and budget in detail before they […]

IFP aims to raise profile and professionalism of paraplanners

At the Institute of Financial Planning conference earlier this month, the organisation declared its intention to be the professional body of choice for paraplanners. The IFP also unveiled the new additions to its board and the election of Richard Allum, managing director of Paraplan Plus, marks the first time a paraplanner has held a board […]


Economists warn against new policy interventions

PricewaterhouseCoopers has warned new policy interventions to boost the economy such as writing off some of the Government’s quantitative easing debt could cause inflation to rise and damage the Bank of England’s reputation. In his Mansion House speech last week, FSA chairman Lord Turner (pictured) warned the Government may need to consider “further policy innovations” […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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