Tesco plans service to compare pensions

Charterbridge

googleplus linkedin

Tesco plans service to compare pensions

Tesco plans service to compare pensions
The supermarket chain Tesco is reportedly preparing to shake up the £12bn retirement income market by launching a new online comparison service for pensions making it easier to shop around for the pension annuity paying the highest income.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 20

FCA asks to participate in mis-selling appeal case
The Financial Conduct Authority has intervened in a test case involving allegations that the Royal Bank of Scotland mis-sold interest rate swaps to small businesses.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 16

Banking/Lloyds in new share offer
Lloyds Banking Group issued £350m worth of new shares yesterday as part of its continuing strategy to improve its balance sheet.
The Independent, p. 48-49
Also appeared in : Independent i, p.42

Banking & finance
Douglas Flint, chairman of HSBC, warned that less well-off customers could lose access to basic financial services if lenders are overburdened by unnecessary regulation.
The Times, p. 36

EU and Fed clash over US bank move
Michel Barnier, the EU commissioner in charge of financial services, has warned that US plans to force foreign banks to hold more capital are a threat to harmonious global regulation and risk “a protectionist reaction”.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1
Also appeared in : International Herald Tribune, p.16

Libor must be scrapped, says top US regulator
Gary Gensler, head of the Commodity Futures Trading Commission, has said that Libor borrowing rates must be replaced as soon as possible as it is “unsustainable” to continue to use them.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 15
Also appeared in : The Daily Telegraph Business, p.5

Luxembourg will support Britain’s […]
Luxembourg is to support Britain’s legal challenge to Europe’s proposed financial transactions tax, the country’s Finance Minister said yesterday.
The Times, p. 40

Waiting for boardroom quotas will be costly
The banking industry has until 2018 to fully implement the Basel III requirements, though investors and banks are behaving as if the rules were already in full swing.
International Herald Tribune, p. 20

Welby: turn a state -owned bank into regional lenders
Justin Welby, the Archbishop of Canterbury who sat on the recent Banking Standards Commission has called for one of Britain’s largest banks to be devolved into a series of regional lenders.
The Daily Telegraph Business, p. 1

Extension to Bank’s cheap credit project sparks fears
Experts are questioning the plan to extend the Bank of England’s Funding for Lending Scheme to independent, unregulated finance houses.
The Daily Telegraph Business, p. 8

Welby: turn state -owned bank into regional lenders
The Archbishop of Canterbury has called for the break up one of its biggest banks to create a series of regional lenders.
The Daily Telegraph Business, p. 1

FOR better, for worse is […]
A survey of 2,500 SMEs revealed that 60% were unhappy with their bank but unlikely to move to another lender.
The Daily Telegraph Business, p. 4

Deutsche enters $8bn Vik battle
Deutsche Bank and billionaire investor Alexander Vik have reportedly begun one of the biggest legal battles to come before the High Court in London with Mr Vik claiming $8bn of damages relating to losses sustained at the height of the financial crisis.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 18
Also appeared in : The Times, p.37

NY Fed president calls for greater regulator co-operation
New York Federal Reserve president William Dudley has warned that regulators cannot solve the problem of banks that are “too big to fail” unless there is an expansion of international co-operation and sharing of inspection data.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 30

Japanese banks go abroad to grow
Japan’s banking titans are hiring Spanish-speaking executives to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they flee meager returns at home.
International Herald Tribune, p. 18

The above articles appeared on 23/04/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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