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Offer to securitise £12.5bn of Rock loan

Royal Bank of Scotland, Barclays and Citigroup have offered to securitise £12.5bn of the Bank of England’s emergency loan to Northern Rock.

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Pearl agrees three-week extension to Resolution deal with FSA

Pearl and the FSA have agreed on a revised timetable for the Resolution acquisition deal to be completed which extends the deadline by three weeks. The extension is to allow Pearl to finalise discussions with the FSA regardingthe timing of post-completion distributions of capital from the Resolution lifecompanies. If no further time is required then […]

List to starboard

In my last IFA View of 2007, I penned a list of wishes for the new year. I am now looking back at the list with feelings ranging from mild shock to some amusement.

Watchdog days

Many readers may be wondering what all the fuss is about. After all, surely only bad apples end up dealing with the FOS? As these readers always work in clients’ best interests, they may believe it is never going to happen to them. Well, no, that is wrong, actually.

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