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Marginal rise in Skipton profits

Skipton Building Society’s half year results show pre tax profits were up marginally by 1.45 per cent to £25.12m from £24.76m on the same period last year.

Group assets have increased 13 per cent to £5.9bn from £5.2bn in the same period last year.

Group interest rates were up to 1.26 per cent from 1.25 per cent on last year. Group mortgage balances grew by 12.23 per cent to £4.57m from £4.07m. Its management expenses ratio fell to 82p from 75p per £100 assets.

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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