Banks' helpline 'sent customers to firm fined for £10m mis-selling'


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Banks’ helpline ‘sent customers to firm fined for £10m mis-selling’

ISA changes may not affect your investment decisions
The Chancellor George Osborne announced that the total amount an individual can invest in a tax-free Individual Savings Account (ISA) will increase to £11,520 per year from April 2013.
City AM London, p. 18

Thousands baffled over compulsory pensions
Mass confusion over automatic enrollment in workplace pensions has led to thousands of inquiries to a Government watchdog. The pensions regulator has been inundated with complaints from individuals and businesses struggling with the scheme.
Daily Express, p. 15

Germany ready to compromise over Eurozone banking union
The German finance minister Wolfgang Schaeuble has signalled a readiness to compromise on the European Union’s planned banking union, German media reported yesterday. “We are working intensely to get the legal framework for a banking supervisor settled before Christmas,” Schaeuble told German newspaper Bild am Sonntag, in an interview published yesterday.
City AM London, p. 6

Foreign firms in running for UK banknote printing job
Official tender documents for a new £1bn Bank of England contract to print all the country’s banknotes have been sent to interested bidders and could end De La Rue’s involvement. Landqart, the banknote division of the Canadian company Fortress Paper, and Note Printing Australia, a division of the Reserve Bank of Australia, are thought to be interested bidders. A spokesman for Basingstoke-based De La Rue said the group was keen to win the new tender and it had a good relationship with the Bank.
Daily Mail, p. 59

Free us from the ‘marketplace idol’
Letter calling for the US and Europe to do what Japan failed to do; recapitalise their banking systems so that banks can return to expanding and efficiently allocating credit.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 10

Bank of England banknote tender threat to De La Rue
De La Rue is in danger of losing one of its most prestigious clients after the Bank of England launched a £1bn tender for the future production of its banknotes.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 18

Banks’ helpline ‘sent customers to firm fined for £10m mis-selling’
A helpline number given to customers of banks including Barclays and Natwest was a call centre run by a card protection company in the middle of a mis-selling scandal, according to a Channel 4 investigation.
The Daily Telegraph, p. 12

Halt RBS branch seU-offs
Reader’s letter commenting the Royal Bank of Scotland bail-out.
The Daily Telegraph Business, p. 5

RBS starts £200m fund to boost green energy
Royal Bank of Scotland hopes to do its bit for the environment by launching a £200m Carbon Reduction Fund to help businesses reduce energy costs.
Independent i, p. 43

More bank job losses as industry set to cut back
A survey by Ernst & Young shows that the UK banking industry is set to be defined by headcount reductions, asset sales and further lending restrictions in 2013.
The Daily Telegraph Business, p. 5

Banking & finance
Vince Cable has become the first Cabinet minister to suggest that the Bank of England should be made to give a higher priority to growth over inflation, as he warned members of the Monetary Policy Committee not to give up on quantitative easing.
The Times, p. 38

The above articles appeared on 10/12/12 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.