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Coventry Building Society appoints finance director

Coventry Building Society has appointed David Stewart as its new finance director, a group chief executive of DBS until its acquisition by Misys last July.

Stewart, 36, says his tasks in his new position include the continued need to promote the benefits of mutuality and use his financial services background to provide input on the effects of the polarisation review.

He was joint chief executive with Tony Kempster at DBS until November 2000 and was also involved in the development of AssureSoft.


IFAs &#39failing to reach young, single people&#39

Young and single people lack awareness of the benefits of independentfinancial advice, according to national IFA RJ Temple.Its research found that people under 25 and those without partnersare more lik-ely to seek advice from a bank, friends or colleaguesthan from an IFA when making important financial decisions.Temple says the research suggests the FSA&#39s proposal to […]

Equitable still to face legal action

Thousands of policyholders will pursue legal action against Equitable despite its compromise scheme being passed by members, says a law firm acting on their behalf.Class Law Solicitors says it welcomes the results of the vote as it stabilises the society but insists legal action will still begin next week on behalf of UK and international […]

U-turn in the right direction?

Industry welcomes Treasury decision.” “Common sense prevails.” “Theright decision at last.” These are all views we have read since theinfamous Treasury U-turn on the regulation of mortgage advice lastmonth.But what else could the industry have said? From CP70 through toCP98, lenders have argued that the proposals for statutory mortgageregulation are unworkable unless mortgage advice is […]

Investment update

ABN Amro is offering a blanket 1 per cent discount on all Isa and Peptransfers and new Isa business until the end of April. The discount,which is exclusive to IFAs, will reduce the initial charge on theseven funds from 5 per cent to 4 per cent. Annual management chargesare between 1.25 and 1.5 per cent. […]

Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article


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