View more on these topics

Abbey National announces corporate changes

Abbey National has announced changes to its corporate structure in an attempt to become more competitive in the increasingly internet-driven marketplace.


Yasmin Jetha is joining the executive committee as group IT and infrastructure director. She had previously held the title of retail operations director.


The bank has split into eight business units, half dealing with cutting costs, and half with increasing revenue.


Abbey is preparing itself for a June launch of its internet bank Cahoot.

Recommended

Accelerator loan sales tumble

Sales of accelerator mort- gages have plummeted since the Mortgage CodeCompliance Board claimed a year ago they were too expensive.Accelerator mortgages encourage customers to pay off their loans earlywith extra annual payments but borrowers can be hit with having to paythousands of pounds in fees.Since the MCCB made its claims in a report a year […]

Supermarkets sweep in

Fund supermarkets are set to change the face of mutual fund distributionin the UK, setting new challenges and presenting new opportunities.The concept is driven partly by costs and partly by service. The reductionor even disappearance of several percentage points worth of front-end feesand regular charges will change the dynamics of the UK industry.Fidelity and Charles […]

Independent View

The level of turnout for last week&#39s local elections was abysmal.It is a shame that individuals do not exercise their dem- ocratic rights.No doubt, it is a substantial underlying sil- ent protest from those whocannot find a suitable candidate to vote for.I think politics should be a vocation and not a career choice, no matterwho […]

Britannic stirs the waves with new brand of &#39EFA&#39

IFAs have criticised Britannic Assurance for muddying the waters betweentied and independent advisers by dubbing the upmarket end of its tiedsalesforce as EFAs.IFAs are concerned the public will confuse Britannic&#39s new group ofexecutive financial advisers with fully independent ones because of thesimilar acronyms.The life office says it aims to recruit 270 EFAs by the end […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment