View more on these topics

Nationwide on course to return £300m to members

Nationwide says it is still on course to achieve its goal of returning £300m to members over the course of the year.

It says it has already returned an estimated £150m this year through lower mortgage rates, higher savings rates and other service improvements.

Its third quarter figures show net assets have risen 6.2 per cent to £50bn from £47.1bn in April.

Member savings balances are up 6.6 per cent to £35.9bn from £32.2bn in April and pre-tax profit is up 20.4 per cent to £212.7m from £176.6m in October 1997.


David Taylor to head HSBC smaller companies division

Former GT Global smaller companies fund manager David Taylor is joining HSBC Asset Management as it attempts to halt a £15m wave of redemptions.Taylor will head up HSBC&#39s smaller companies division. He replaces Ashton Bradbury who is leaving for Hill Samuel Asset Management next month.The HSBC Smaller Companies fund has been hit by £15m in […]

Scottish Life appoints two new senior managers

Scottish Life is making two new appointments to its senior executive team.John Wallace will become general manager of customer services and David Hughson general manager of investment.Wallace joined Scottish Life&#39s systems division in 1967 before becoming assistant general manager of administration in 1994.Hughson joined in 1981 and became chief investment manager in 1996.Both appointments are […]

Brokers give thumbs up to Standard Life&#39s three minute mortgage

IFAs have given the thumbs up to Standard Life&#39s three minute mortgage suggesting that the service could prove a hit if it lives up to expectations. Mortgage brokers say they would have confidence offering the mortgage despite the fast turnaround time.Bridge Baxter managing director Nick Baxter says: &#34Because the bank is linked to Standard Life […]

BIIBA in Millennium Bug warning to brokers

Over 1,000 brokers may be unable to trade at the turn of the Millennium because software providers have failed to make computer systems Year 2000 compliant.A survey by the British Insurance & Investment Brokers&#39 Association shows many brokers are still using non-compliant software which could leave them unable to trade and process quotes.Computer experts believe […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm