News Tag: rules
September 27, 2009
At last week’s G20 summit, the world's leading nations agreed to "tough new regulations".
Following the summit, which took place in Pittsburgh on Thursday and Friday, US President Barack Obama announced that in order to prevent another financial crisis: "We have agreed tough new financial regulations to ensure that the reckless few can no longer be allowed to put the global ...
G20 nations agree to ‘tough new regulations’
by Kay Murchie
July 21, 2009
The Financial Services Authority (FSA) has warned UK financial institutions that guaranteeing bonuses for more than 12 months could mean they are breach of new rules and risk harsh penalties.
In a letter to the heads of British banks, chief executive, Hector Sants, said the regulator is determined to “to align remuneration policies, procedures and practices to ensure they are ...
Guaranteed bonuses will breach new codes warns FSA
by Kay Murchie
June 30, 2009
A number of low-cost airlines are flouting EU rules on automatically adding travel insurance when flights are booked.
An investigation by consumer rights group Which? found that easyJet, Jet2 and Monarch continue to automatically add travel insurance policies at the time of booking.
The cost of this extra insurance is between £7 and £10.49 per passenger.
Travellers booking a flight with these airlines have to ...
Airlines flout EU insurance rules
by David Masters
April 6, 2009
Today has seen the introduction of new rules governing Home Information Packs (Hips).
From 6th April house sellers in England and Wales must have a Hip in place before marketing a property.
Previously vendors could offer their homes for sale without a pack, providing arrangements were in place for one to be available within 28 days of the first day of sale.
The ...
New Hip regulations come into force
by Gill Montia
December 9, 2008
Housing minister, Margaret Beckett, stands accused of putting additional pressure on homeowners by changing the rules that govern Home Information Packs (Hips).
Currently vendors can market their properties without a Hip providing they have made arrangements for one to be available within 28 days, however, from 6th April 2009 a pack must be available from the first day of sale.
Also from next ...
Minister tightens rules on Hips
by Gill Montia
October 2, 2008
Nationalised bank Northern Rock has had to withdraw some of its savings deals after a flurry of deposits has put it close to breaching state ownership rules.
Since it was nationalised in February, Newcastle-based Northern Rock has been offering some of the best savings rates, making it highly attractive for concerned savers to put their money.
However, due to the financial turmoil and ...
Northern Rock withdraws savings deals
by Kay Murchie
