Barclays Bank is reviewing accounts held by Russian offshore customers in a pre-emptive strike against possible money laundering.The bank is taking the action in the wake of the scandal which alleges that billions of dollars have been launder through the Bank of New York and other foreign banks.Barclays says it will review hundreds of accounts […]

Life office Clerical Medical says the outlook for the global economy continues to depend on interest rate developments in the US.Following the decision by the Federal Reserve to increase interest rates by a quarter point, CM says it believes the US economy will continue to grow at a “non-excessive pace”.

The Conservative Party is set to revive its pre-election plan for an optional insurance scheme to cover long term care according to the Financial Times.The scheme proposes the elderly are offered insurance on assets usually their home which insures them against having to sell up to meet their care costs.The FT says the proposals will […]

Equitable Life has welcomed the High Court judgement on Guaranteed Annuities.The mutual life office has particularly welcomed the decision by the court that the directors have discretion which is “well wide enough” to grant final bonuses on an amount conditional on the form in which benefits are taken by the policyholder.It also welcomes the ruling […]