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3 per cent fall in profits at Skipton

Skipton Building Society&#39s has announced a 3 per cent fall in profits to £39.3m for 2001 from £40.9m the previous year.

It says this was mainly due to an “exceptional” boost to profits in 2000 from the sale of its Dealwise stockbroking business for £80 million.

Skipton, which has 15 financial sector subsidiary firms including an IFA, increased its total group assets by 6.25 per cent to £6.2 billion from £5.9 billion over the year.


Stakeholder&#39s personal connections

Ten months after stakeholder opened for business, there is still alot of confusion around. The source of this confusion appears to be aperception that fundamental differences exist between stakeholderpensions and personal pensions.The truth is that both stakeholder and personal pensions (includingthe self-invested variety) are subject to the same Inland Revenuerules. They are effectively the same […]

Brown announces April budget

Chancellor Gordon Brown will present his next budget to the nation on April 17, the first April budget in nearly a quarter of a century.In an answer to a written question in the House of Commons, Brown announced the date for his next budget.

CIS launches care service

CIS has launched a care planning service to provide extra support to its Critical Illness policyholders.The service, developed with independent care advisers Red Arc Assured, provides emotional support, practical help and guidance for customers and their families to help deal with a critical illness. It includes access to a qualified nurse, specialist home visits by […]

Pru bids to be leader For intermediaries

Prudential believes it can become the number one intermediary lifeoffice as rivals face a day of reckoning because they are not writingprofitable business.Director UK intermediaries Tony Kempster, speaking at the company&#39ssales conference this month, said he believed the strategies adoptedby some of Pru&#39s plc and mutual rivals were not sustainable in thelong term.He believes rivals […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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