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Lambeth Building Society to hold AGM on July 1

Lambeth Building Society has rescheduled its annual general meeting to July 1. The meeting was due to be held last month but was rescheduled because of problems with the mailout to members.

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Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.

IFA&#39s assets frozen by High Court

The High Court has frozen the assets of IFA Malcolm Peter Millward of Calverton, Nottingham after proceedings were brought by the FSA.The injunction also forbids Millward from breaking the Banking Act 1987, and will remain in place until the final hearing of the case.The FSA alleges Millward between 1994 and this year accepted loans from […]

Virgin calls for catmarked personal pension

Virgin Direct have called on the Government to introduce a catmarked personal pension based on the catmarked Isa.The bank is calling on the Government to introduce what it says are strict standards for personal pensions immediately.Virgin Direct chief executive Rowan Gormley says: “The industry howled when Cat standards were first mooted for Isas, but now […]

William M Mercer supports Governments stance on stakeholder

William M Mercer has criticised financial services industry attempts to turn stakeholder into pseudo-group personal pensions.The employee benefits consultants say it supports the Governments resistance of these industry lobbyists, suggesting that for stakeholder to be successful it needs to return to its original objectives of being simple and low cost.It believes by keeping stakeholder simple […]

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