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Workers may strike over retirement age

Unions representing 1.5m local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI secretary Alan Johnsons deal with other public sector workers and instead have to negotiate with the Office of the Deputy Prime Minister.

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West Brom offers Shariah CTF

West Bromwich Building Society has set up a Shariah-compliant child trust fund. The baby bond will invest in shares on the FTSE Global Islamic index.

HBOS shrugs off RBS lending challenge

HBOS mortgage managing director Charles Haresnape is confident the firm will retain its position as the UK’s biggest lender despite the anticipated push from RBS this year. Haresnape says the restructure at RBS is a sign that it is playing catch-up with HBOS. He says: “For anyone to rep-lace HBOS at the top, you would […]

Panel beaters

Consultancy Impact Plus has called for much greater transparency for multi-tie deals to clear up consumer confusion.

Deutsche names lending arm

Deutsche Bank’s mortgage lending arm, which is launching later this year, will be called db mortgages. The lender will offer sub-prime, buy-to-let and self-certification mortgages.

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