30m financial policies to be probed
Craig TaylorRegulators are to investigate firms running 30m old financial policies – including pensions and endowments – worth £150bn over fears customers are subjected to “unfair” conditions. BBC News – Business
Business
Parties row over energy freeze credit
The government and the Labour party both claim credit for an energy price freeze on customer bills announced by UK electricity and gas supplier SSE. BBC News – Business
Treasury to sell more Lloyds shares
The government announces it will sell 7.5% of Lloyds Banking Group after it was advised to sell more of its shares. BBC News – Business
Co-op Bank to raise extra £400m
The Co-op Bank plans to raise another £400m by issuing new shares following the discovery of additional costs related to past misconduct and poor documentation. BBC News – Business
Debt firms selling ‘unsuitable’ plans
People struggling with debt are being talked into expensive repayment plans that offer poor value for money, says the financial services watchdog. BBC News – Business
Russian shares fall over sanctions
Russian stock markets fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine. BBC News – Business