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18,000 staff face the axe as RBS takes NatWest

Thousands of staff face the axe following Royal Bank of Scotland&#39s successful £21bn takeover bid for NatWest.

A total of 60 per cent of NatWest&#39s shareholders backed its bid. RBS revealed 18,000 jobs would be cut from the newly joined staff as a result.

The victorious Scottish bank also said the integration of the two workforces could include asking RBS employees to reapply for their own jobs against NatWest staff.


IFA is “Sales Professional of the Year”

An IFA has been named Sales Professional of the Year at the National Sales Awards 2000.Mark Bingham received the award at London&#39s Hilton Hotel Park Lane, beating some 2,000 sales professionals from a range of sectors. He wins 6,000 air miles.The 35 year old works for Slough-based IFA Millfield Partnership and attributes his success to […]

CA drafted to frontline against multi-ties

The Consumers&#39 Association is being drafted into the frontline in the IFAs&#39 battle against the introduction of multi-ties.The FSA has commissioned a report into the future of polarisation and is taking submissions from across the industry, prompting IFA fears the Government plans to abandon the system.Both Aifa and Sofa believe their bid to preserve the […]

Polarisation sparks clash of the titans

The financial services industry is preparing for a clash of the titans as high profile heavyweights don their gloves to fight their respective corners on polarisation.The battle-lines are being drawn in the wake of the FSA consultation paper which has presented the industry with five scenarios for polarisation ranging from maintaining the current system of […]

Bankhall bids for disillusioned IFAs

Bankhall is bidding to lure disillusioned IFAs out of their networks by running a series of roadshows promoting the benefits of direct regulation.The support services operation says it has organised the seminars after being inundated with calls from unhappy network members who wanted to learn more about how to leave.It believes 75 per cent of […]


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