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Dunfermline carpetbagger defence

Dunfermline Building Society is following the move of other beleaguered mutuals by forcing new members to give potential windfalls to charity.


The move follows “disruption” as a result of windfall-chasing new members opening accounts in the hope the society will one day convert to a bank.


By making new members relinquish windfall pay-outs Dunfermline joins the ranks of Portman, Chelsea and Skipton building societies who have already introduced the clause.


Dunfermline chief executive David Smith says: “The move will allow us to provide excellent customer service in our branches unhindered by the disruption caused by speculators.”

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