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Abbey branches out into DIY stores

Abbey National is opening outlets in Homebase home and garden stores.

The first branch is opening on March 29 in Liverpool and Abbey says if this pilot is successful it hopes to extend it to other Homebase stores

The new Liverpool branch includes a technology zone, where customers can learn about using IT to manage their finances, electronic banking demonstrations on the internet, a fast banking zone for simple transactions, phone banking and a play area for children. Financial advisers will be available to give face-to-face advice.

The move follows Abbey&#39s deal with Costa to have coffee areas in 50 branches by the end of the year.

Abbey has in-store branches in 38 Safeway supermarkets and offers TV banking through Sky Digital, Telewest and BTL and also has remote ATMs which are not attached to branches.

Retail managing director Andrew Pople says: “We are fully committed to improving the convenience of our branch network, and one way to do that is to provide access to our services not only in the high street but in popular retail outlets that customers visit regularly. I am confident that both new and existing customers will benefit from the relationship.

“The more opportunities that we give customers to do business with us in ways that suit them, the better able we are to provide them with the financial products they want.”


Kreis Consulting – LICA VII

Wednesday, 27 March 2002 Type: Enterprise investment scheme Aim: Growth by investing in unquoted companies involved in industrial innovation, media innovation, technology and new media Minimum investment: Lump sum £25,400 Opening/closing dates: March 7, 2002 &#45 April 5, 2002 for 2001/2002 tax year, April 6, 2002 &#45 May 31, 2002 for 2002/2003 tax year Charges: […]

NS&I increases fixed rate terms

National Savings & Investments has announced its is increasing the rates on its range of fixed rate products by up to 0.35 per cent.The move follows rises in gilt yields, which affect the rates for fixed term investments.Products affected include its Children&#39s Bonus Bonds, Capital Bonds, range of one, three and five year fixed bonds […]

FSA patrols high street on loans and general cover

The FSA is setting up a high-street division with responsibility for the regulation of mortgages and general insurance.The division will be in operation from April 2 and will have three principal responsibilities – designing policy for the regulation of the mortgage and general insurance sectors, authorisation of firms active in those sectors and the supervision […]

Inter-Alliance to go 90 per cent AFA

Inter-Alliance has indicated 90 per cent of its IFAs will become authorised financial advisers if CP121 is adopted as drawn. The national IFA said it would structure itself in a way that suited its advisers, and indicated only 10 per cent would remain IFAs working under defined payment agreements post-polarisation.

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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