The terms of the Treasury-sponsored review of retail investment headed by
Ron Sandler are expected to be published next week. Sandler attended a
meeting at 11 Downing Street on Tuesday to discuss the remit of the review.
It is widely expected to look at the prices and comm-ission structures of
retail products such as with-profits bonds, unit trusts and investment
SRCE: Money Marketing
HDLN: Court challenge over lender rates
The discretion for mortgage lenders to set interest rates at will could be
restricted this week in a test case at the Court of Appeal. A married
couple are challenging the right of Paragon Mortgages to refuse to lower
their interest rate in line with cuts to the Bank of England base rate
despite not being locked into a special deal. The court is expected to
announce its decision this week.