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.