British Airways mixed-fleet cabin crew announce more strikes
LONDON British Airways "mixed fleet" cabin crew members are to strike for another seven consecutive days from March 3, trade union Unite said on Friday.
LONDON The Financial Services Authority will announce a review of the multibillion-pound pensions annuity market due to concerns that some individuals are losing out on thousands of pounds of income a year upon retirement, the Independent reported on Thursday.
The regulator will consider whether insurers are doing enough to encourage pension savers to shop around and move their savings in order to get the best annuity when a pension fund is converted into income for life, the paper said.
The review will take up to 12 months and will look into whether annuities are fairly priced and marketed, reported the newspaper.
(Reporting By Costas Pitas; Editing by Eric Walsh)
LONDON The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM's European operations with union officials and politicians in London on Friday.
LONDON British banks approved the most mortgages in a year last month and consumer borrowing saw some of its fastest growth of the past decade, industry data showed on Friday, contrasting with earlier signs of slowing momentum.