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Carpetbagger beater

Norwich & Peterborough Building Society is joining fellow carpetbagging targets by asking new members to hand over any windfall payments to charity.

The move follows that of other building societies in recent weeks, including Nationwide.

Experts predict Skipton Building Society is to enforce the pro-conversion deterrent in the next few weeks.

N&P chief executive Matthew Bullock says the move is designed maintain service levels to existing customers.


Computer industry pension launch

Legal & General is launching a new internet-based stakeholder-style pension aimed at the computer industry with IFAs Hargreaves Lansdown.Hargreaves Lansdown and trade body Computing Services and Software Association choose L&G to offer its 250,000 members the scheme.Members will be fully-serviced via the internet and L&G is claiming the scheme “maximises the use of IT from […]

Housebuyer fears for the future

More than half the UK population believe they won&#39t be able to afford their own home in twenty years, according to the National Housing Federation.The federation&#39s MORI poll of 2000 individuals showed only 44 per cent thought the next generation would be able to afford their current home.The news comes after the 0.25 per cent […]

Norwich Union Catmark pledge

Norwich Union its “putting its money where its mouth is” by pledging to pay out if its Cat standard funds are out-performed by rivals.NU is promising if any of its four most popular funds don&#39t achieve better than average returns against its competitors, investors will receive a payment into funds equivalent to its annual management […]

ABI euro push

The Association of British Insurers is bracing the industry for the introduction of the euro by publishing details of three initiatives.The ABI is set to reveal details from an ongoing programme of work with the aim of providing comprehensive and detailed guidance to help insurers prepare for a possible entry into the Euro.The second publication […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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