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Bankhall warns staff of job cuts

Bankhall says it expects to make approximately 50 staff redundant as part of a wholesale review of its infrastructure and management structure.

The firm is currently consulting with staff across all departments and has warned them about the planned cuts.

Bankhall spokesman Richard Howells says the review is designed to ensure continued stability and increased profit levels. It says it looking to reinvest savings into services for its members.

“We have spoken to staff and put a number of people at different levels of seniority on risk in both member focussed and non-member focussed areas.

For example, we are looking at the commission department to see if we should offer a commission service in the same way we did previously.

If we don’t change with the needs of the members we won’t retain our value. But it is business as usual.”


Abbey aims high for annual premiums

Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.

Spread the risk around

Last week’s scorching weather left me wondering if it was safe to take a leave of absence from the market. With the investing public nervous of economic slowdown or geo-political upsets, it was clear that little could be left to chance and the economic numbers that were emerging were not giving a clear signal to […]

Mystery over NU ‘incentives’

Terence O’Halloran may be holding out valiantly for the cause of with-profits but I have just seen a leaflet from Norwich Union to its with-profits holders which, in an obliquely abstruse and roundabout way (it might, in fact, have been written by someone at the FSA), appears to give advance notice of “financial incentives” for […]

Ceo designate appointed to the BBA

Angela Knight has been appointed as chief executive officer designate to the British Bankers’ Association and is due to take up the new position during the latter part of 2006.She is currently chief executive of the Association of Private Client Investment Managers and Stockbrokers.Ian Mullen, who joined the BBA as chief executive in April 2001, […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


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