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NR to submit business plan to government

Northern Rock will submit its business strategy to the government next week in a move that will kickstart a 90-day consultation process with staff.

The bank will submit a HR1 document, which will include key facts about the bank’s immediate business plan, by the end of next week.

As part of the consultation process NR will hold talks with trade union Unite over redundancies of up to 2,000 across the bank.


Sally Laker

It’s funny how we often use the words interesting or challenging when what we actually mean is downright difficult. Certainly there can be no doubt that we are going through a difficult period and it is not just one sector of the mortgage market that is under pressure. At such a time it is easy […]

MfB expands team

Mortgage for Business expands staff at business-to-business operation.

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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