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Liv Vic announces review of banking operations

Liverpool Victoria has announced a strategic review of its banking operations with Fenchurch Advisory Partners appointed to assist in the review.
The review will consider a full range of options for LVBS including performance enhancement measures, strategic partnerships, joint ventures and an outright sale of the business.
Liv Vic group chief executive Mike Rogers says: “We remain fully committed to providing a banking capability to our customers and partners. Nevertheless, given the recent financial performance of the bank, it clearly makes sense for us to explore external options that would enable us to focus on distribution rather than manufacturing.
The aim of the review is to ensure that LVBS has the best structure to meet the needs of Liverpool Victoria’s members, partners and customers going forward.”


Yorkshire BS appoints new chair and vice-chair

Yorkshire Building Society has appointed Ed Anderson as chairman and Richard Davey as vice chairman.Anderson, who is currently vice chairman, will succeed Christopher Sheridan when he steps down at the end of the year.Anderson was appointed to the Board in May 2003 while Davey joined the board in September 2005.Sheridan says: “Since joining the Board […]

Eating humble ppi

Many mortgage advisers fear that sales practices for payment protection insurance will not improve until stricter regulation is forced on lenders. Some suggest that the big profits generated for lenders by PPI sales are standing in the way of reform.

Kiddie quits Barings for ABN Amro role

David Kiddie has unexpectedly left Barings, where he was head of global equities, to take over as chief investment officer at ABN Amro Asset Management. Barings fund manager Tim Scholefield will step up to replace Kiddie just six weeks after joining the fund company. Scholefield will continue to run the £28m global growth fund. Kiddie […]

Advisers say Asps are the best incentive

Advisers believe that scrapping alternatively secured pensions would further undermine consumer confidence and remove the most innovative development in pensions in the last 50 years. Skandia recently asked advisers to email the firm with their views on Asps. It has had a wide range of opinions which show the depth of feeling in the IFA […]


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