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Market Harboro’ in advice deal with Skipton

Market Harborough Building Society’s 55,000 customers are to get access to whole of market advice through a deal with mutually owned Skipton Financial Services.

MHBS customers will get acc-ess to general investment and ret- irement planning, inheritance tax planning, will writing and estate planning from Skipton’s 120 whole of market advisers.

The relationship has come out of Mutual One, a joint venture between eight societies to help smaller mutuals. Skipton is the biggest shareholder with a 77.5 per cent share of the group.

SFS is a wholly-owned subsidiary of multi-channel business Skipton Group. The partnership, the first of its kind for SFS, launches on August 22.

SFS has no current plans to open up the service to other mutual members but has not ruled out the possibility of further relationships in the future.

MHBS chief executive Philip Dearing says: “Customers have been very interested in obtaining advice, particularly for inheritance tax planning.”

SFS managing director Simon Holt says: “We have prepared a full launch programme so the message of an enhanced service offering from their local building society will be communicated out to MHBS members throughout the UK.”

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