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FSA confirms Chelsea merger with Yorkshire

The FSA has confirmed the proposed transfer of Chelsea Building Society to the Yorkshire Building Society.  

In December the two firms agreed to merge to create the UK’s second-largest mutual.

The move is expected to be completed by April 2010 and will create an enlarged Society with assets of £35bn.

The new entity will have 2.7 million members and a national network of 178 branches.



Burgess says Govt and quango workers can’t find cover

Former British Insurance managing director Simon Burgess says some unemployment protection providers are refusing to cover Government workers and employees of quangos such as the FSA. Burgess, who left the insurer to set up his own US protection provider with wife Sara, says he has seen a blacklist outlining which professions some providers deem uninsurable […]

Ignis says small caps will beat poll jitters

Ignis UK smaller companies fund manager David Clark believes small caps will outperform mid and large-cap stocks in the second half of this year as the broader market struggles with the fallout from the general election. Clark says the market will react adversely to austerity measures brought in by a new Parliament, even though these […]


Equitable action group rejects Chadwick review

Equitable Life policyholder campaign group EMAG is withdrawing from working with Sir John Chadwick’s review of compensation for policyholders, labelling his work a “Treasury stitch up”.


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