View more on these topics

Britannia awards loyal with £50m

More than one million Britannia Building Society members are set to receive £50m worth of loyalty bonuses.


This year&#39s bonuses were boosted from the sale of its life and asset management business last year.


In addition to their usual share of the annual profits, members with longer term policies stand to gain around £500, while the average pay out will around £44 per head.


Britannia says the bonuses are a way of demonstrating the benefits of remaining mutual.

Recommended

Rothschild to take advantage of tech boom

Rothschild Asset Management is to launching a technology-focused fund of funds to take advantage of the tech boom story.The Five Arrows Independent Technology Plus+ Fund is subject to regulatory approval and will be available to investors from April 10.RAM will invest in a range of onshore and offshore technology-biased funds. But it will target funds […]

AMP axes 1,250 Pearl and NPI jobs

Australian insurance giant AMP has announced 1,250 jobs will be axed from UK life offices Pearl and NPI.The losses will be cut from administrative and support roles throughout the year.The cuts are part of a wider-ranging shake-up to stop duplication between the two life offices.AMP says it hopes the losses will be achieved through natural […]

Royal flush as mutual takes over

Mutual life office Royal London is taking over United Assurance for £1.5bn, in a move set to boost the flagging cause of mutuality.The acquisition will be the largest takeover of a quoted company by a British mutual.Pro-mutual supporters will welcome the news following the threat to Standard Life by carpetbaggers and the pending completion of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com