View more on these topics

Co-op Bank and CIS to recruit 500 staff in UK

Co-operative Bank and CIS are to take on another 500 service centre staff in north-west England over the next 12 months.

At a time when many other insurers and banks are outsourcing overseas, it plans to recruitment for 200 new positions and 300 existing ones in Manchester, Skelmersdale and Stockport. The bank and CIS, which are part of Co-operative Financial Services, employ around 2000 staff.

Co-operative Bank chief operating officer Sheila MacDonald says: “I believe passionately that when a customer contacts us, by whatever means, they should be dealing with one of our own staff, trained and managed by us and with a dedicated focus on our customers&#39 needs and our products and services. So whilst others are happy to use call centres in India and other overseas locations, we do not intend to.”


Friends Prov cuts bonus rates

Friends Provident is cutting bonuses on its with-profits policies with payouts falling by an average of six per cent.Regular bonus rates on its with profits “Main Series” products have fallen by between 0.25 per cent and 1 per cent. The changes see regular bonuses on its new generation pensions fall from 3.4 per cent in […]

Skandia – MultiBond &#45 Skandia Distribution Bond

Type: Unit-linked bond Aim:Income and growth by investing in a range of distribution funds Minimum investment: Lump sum £5,000 Fund links: Skandia Axa distribution, Skandia DWS managed distribution, Skandia New Star managed distribution, Skandia Norwich distribution, Skandia Prudential distribution, Skandia distribution portfolio Allocation rate: 100% Special offer: Allocation rate increased to 103% Offer period: Until […]

Out of context

•”I&#39m sorry, have you got to go now? Can&#39t I bore you about how brilliant our mortgage is for another 10 minutes?” – Norwich & Peterborough press chief Alison Rolls. •”I&#39m just licking my lips because he is about to open a bottle of sour cherry vodka.” – HSBC Asset Management PR Dolly O&#39Neill on […]

Smith presents pension bill to parliament

Pensions minister Andrew Smith has presented the Pensions Bill to the House of Commons. The bill, which aims to strengthen the rights of individuals with benefits in final salary schemes, will be published tomorrow morning. It is also expected to set out the structure of the pension protection fund.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 thought leadership.

    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