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Mansfield BS appoints Gev Lynott as new chief exec

Mansfield Building Society has appointed Gev Lynott as its new chief executive.

Lynott replaces Nigel Quinton, who has left the society to take over as chief executive at Furness Building Society.

He is a qualified accountant who was previously financial services director at Asda, an executive director at Marks and Spencer and has held senior positions with National & Provincial Building Society.

Lynott says: “It is an honour to be here and I will be working closely with my new colleagues to ensure that the Mansfield continues as a successful, independent mutual building society.  That is what we do and that is clearly what we are good at.  Having won awards for best local building society, I see no reason to fundamentally change a successful, profitable and well run operation.”



ABI to introduce compulsory code of conduct for OMO

The Association of British Insurers will introduce a compulsory code of conduct which will force providers to remove the annuity application form in the communications they send to customers. The initiative has been announced as part of ongoing efforts by the industry and Government to increase the number of people who shop around at retirement. […]


Labour blog: What about the ICB report?

Thursday: 14:30: The LibDems I spoke to at conference – and indeed their elected representatives like Vince and Nick – are proud of the Independent Commission on Banking.  The ring-fence and capital surcharge seemed like a popular, left-of-centre response to the financial crisis, one that might find a great deal of vocal support from the […]

Rathbones reining in high yields for new strategic bond fund

Rathbones’s new strategic bond fund will not be overexposed to high yield, according to fixed-income director and manager of the fund Bryn Jones. Last week, Rathbones announced it is launching a strategic bond fund on October 3. It will hold both direct fixed-income securities and collective vehicles in its portfolio. Half of the fund will […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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