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Berry Birch Noble appoints

IFA Berry Birch & Noble has appointed Colin Cameron as a director. He joins from Aon Consulting where he spent 13 years as a senior consultant and board director.

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SOBS says Halifax takeover means &#39slash and burn&#39 redundancies

Save Our Building Societies is calling for job-protection guarantees for Birmingham Midshires&#39 employees ahead of the society&#39s proposed £750m merger with Halifax.The pressure group is urging Birmingham Midshires members to push for a 10-year safeguard for jobs and branches. Halifax says it &#34intends to avoid compulsory redundancies&#34.Sobs coordinator Bob Goodall says: &#34The Halifax will slash […]

NPI meet PIA requirements on pension fund withdrawals

NPI says it is one of only four major IFA providers to have already complied with PIA guidelines on pension fund withdrawals.It says its drawdown illustration system has been amended to show both critical yield type A and type B on a client specific basis as stated in the PIA guidance notes.Drawdown Product Manager Jim […]

PIA suspends Manchester-based Barclay Scott & Co

The PIA has issued an Intervention Notice against Barclay Scott & Co which will prohibit it from soliciting or conducting regulated investment business.The regulator says the firm may not be complying with its financial resources requirements and may not be able to meet the liabilities as they fall due.It says the firm has also failed […]

Portman withdraws oversubscribed bond from sale

Portman Building Society is withdrawing its one-year fixed-interest bond because it has been inundated with inquiries.The bond was launched three weeks ago with an interest rate of 6.5 per cent gross per year.Portman spokesman Mike Dobson says: &#34Demand has been extremely heavy and this pressure has forced us to replace the product.&#34It is being replaced […]

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