Don't worry about rate rise, says Bean


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Don’t worry about rate rise, says Bean

Don’t worry about rate rise, says Bean
Charlie Bean, a deputy governor of the Bank of England has argued that businesses should be confident that when interest rates rise it will be slowly and to a level below those of 2008.
The Times, p. 40


Banking & Finance
The ABI has warned that reforms intended to help people approaching retirement are too little, too late for more than half a million savers will retire before the new code of conduct becomes binding.
The Times, p. 38

Halifax has launched a range of cash ISAs
Halifax has launched a range of fixed rate ISAs including an 18-month ISA paying 2 per cent and a five-year deal paying 2.5 per cent
Independent i, p. 43

Pensions & Life Assurance

Uncertainty and complexity dissuade high earners from contributing to pensions
Financial advisers have warned that further attempts by politicians to limit or claw back pension tax relief may put higher earners off pension saving altogether.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 3

Mortgages & Residential Property

Help to Buy likely to be closed early, lenders warn
The Intermediary Mortgage Lenders Association believes that the Help to Buy scheme will be wound up or scaled down before 2016, its official end date. Last week Vince Cable said that he predicts that the Bank will take action to stop “another damaging property bubble”.
The Times, p. 37
Also appeared in : The Guardian, p.24

Round Up

More Co-op executives may get pay top-ups
The board committee that sets pay at the troubled Co-operative Group is expected to meet this week to discuss extending controversial retention payments to more members of the newly assembled top management team. The committee, chaired by university lecturer Eric Calderwood, has already discussed such payments for some executives, including the new boss Euan Sutherland, who is on course to be paid £3.6m for 2013 and £3m for 2014 as a result.
The Guardian, p. 21

A question of integrity: forex scandal leaves Bank fighting to save reputation
Bank of England Governor Mark Carney appears today before the Treasury Select Committee to answers questions arising from the ongoing forex scandal.
The Times, p. 39

The above articles appeared on 11.03.2014. Reproduced with the kind permission of Kantar Media UK. All rights reserved.

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