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Community steels itself for Europe

Community, the union representing the vast majority of ex-employees of the former ASW steel company, has announced it will continue with its legal action against the UK government. Community is campaigning on behalf of its members who have lost a large percentage of their expected pension which they were told was guaranteed. The union will ask the for the case to be referred to the European Court of Justice. If successful the case could cost the Government between £1.5 and £2.5m.

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BBN one of 16 firms declared in default

Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.

New retail sales director at The Derbyshire

Derbyshire Building Society has appointed Andy Thorpe as its new retail sales director. Thorpe says: “I am delighted to be joining The Derbyshire, a progressive society that is committed to customer fairness. Part of my brief is to bring a strong customer focus to the Society following the recent launch of our How Fair Is […]

Ex-board members say merger failure would be a disaster

If the merger between Sofa and the LIA fails to go ahead it will be disastrous for the industry, according to former board members of both organisations. Ex-Sofa director Jo Smith says the merger is for the good of the industry, and if it is rejected by the membership it will be humiliating. She says: […]

Abbey grows again

Abbey for Intermediaries is offering IFAs and their clients a second issue of the Abbey growth options plan. This is a guaranteed equity bond linked to the performance of the FTSE 100 index for a six-year term. It has two options that investors can choose. Under option one, investors get all the average growth in […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?

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