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Nationwide and Standard are facing new threats

As Bradford & Bingley confirmed it will seek a stockmarket listing in

December, rival mutuals are under threat as new conversion campaigns gather


Standard Life, Britain&#39s biggest mutual life office, has come under

renewed threat despite fending off carpetbagger Fred Woollard in June.

Gordon Hart, the Scottish telecommunications executive who helped bring

about Scottish Provident&#39s review of its status, is calling on Standard

Life members to co-ordinate opposition behind the members&#39 rights campaign.

Nationwide, the biggest remaining mutual society, is facing threats to its

status from Stephen Major, the Irish plumber who campaigned for the

conversion of B&B. Major needs 500 signatures from members to start his

campaign. He says a flotation could raise billions of pounds for charity.

Save Our Building Societies says it will give these campaigns a run for

their money. Co-ordinator Bob Goodall says: “We will put up a determined

fight to protect all mutuals. I have no respect for people who do things I

believe to be to the detriment of their fellow citizens and their



FSA guide to find good advice

The FSA has issued a series of top tips to help consumers avoid beingstung by rogue financial advisers.The FSA says the guidelines are designed both to warn consumers offunauthorised advisers and help them get the most out of authorised ones.The tips already feature on the FSA website and the regulator hopes theirpublication will draw attention […]

Investment View

You read it here first. Last week, the Government published details of theIndividual Pension Account, mentioned in this column several weeks ago. Thepossibility of such a savings animal being set loose was first mentioned ata conference on self-invested personal pensions, to which I contributed, inJune. IPAs will replace pooled pension investments (although I am notconvinced […]

Death of Peter Hall

Financial marketing consultant Peter Hall has died of a heart attack at 49.Hall was an established City figure, having been instrumental inintroducing Baring Asset Management to the IFA market in 1984. He alsoworked for Save & Prosper. He most recently worked for Portfin, an onlinefacilities provider for financial institutions.For five years in the mid-1990s, Hall […]

Imro fines Coutts £50k for Pep admin blunders

Imro has fined the Queen&#39s bank Coutts & Co £50,000 for failing toact with due skill, care and diligence in relation to the administration ofits Pep business.Coutts has also been hit with a compensation bill totalling £225,000which has been paid out to 634 investors as a result of the variouscharges.The biggest payout of £125,600 resulted […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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