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Nationwide appoints new head of corporate accounts

Nationwide Building Society has announced the appointment of Gary Salter as head of corporate accounts for group intermediary sales.

His appointment will take effect from July 1 2012 and he will report to Ian Andrew, managing director of Nationwide group’s intermediary sales.

Salter has been with Nationwide since the launch of Nationwide for Intermediaries in 2008 and has been regional sales manager for the South East during this time.

Andrew says: “Salter has been one of our top regional sales managers since the launch of Nationwide for Intermediaries four years ago and his appointment to head of corporate accounts will ensure we continue to strengthen our strategic relationships with our key intermediary partners.”


Citi shareholders reject board pay plan

Citigroup shareholders have rejected a pay plan which promised tens of millions of dollars to its chief executive Vikram Pandit and its directors. Around 55 per cent of shareholders voted against the plan or abstained at Citi’s annual meeting in a non-binding vote. The Financial Times reports that Citi is the first big US bank […]


Platforms protest at FSA rules on fund information

Transact, Ascentric and Cofunds have hit out at new FSA rules that require platforms to send detailed fund information to advised investors, insisting it is up to IFAs to provide clients with any relevant information. In its policy statement, published in August, the regulator stipulated that from January 1, 2013 platforms will be required to […]

Caution brings fund outflows

The end of the tax year has come and gone and you have seen the last of the adverts telling you to make sure your clients use their Isa allowance. But now you will be bombarded with adverts about the need to get clients thinking about this year’s tax allowance and perhaps setting up a […]

First-time buyer numbers up 8% in February

Lending to both first-time buyers and home movers increased in February with first-time buyers taking the bigger increase, according to figures released today from the Council of Mortgage Lenders. Some 14,100 loans worth £1.7bn were taken out by first-time buyers, up 8 per cent by number and 6 per cent by value from January and […]


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