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Northern Rock to close 29 branches

Northern Rock is closing 29 of its 105 branches by the end of the year.


The building society says 250 jobs will be lost from branches with declining business volumes, but expects to create jobs through the extension of internet and telephone banking.

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On-line help for IFAs with mortgage code

Pink Home Loans has launched a CD-ROM to help IFAs comply with the mortgage code.The Compliance Wizard CD-ROM has a mortgage information checklist to record all advice given to clients on all aspects of products recommended to clients.Other features include templates for business letters and mortgage quotations on any products.Pink Home Loans managing director Peter […]

Scottish Life recommends all inclusive Single Defined Contribution Scheme

Scottish Life says the DSS Inland Revenue joint paper on the taxation regime for stakeholder pensions has broadened its consumer appeal.But the life office wants to Government to extend any new regime to encompass AVCs, Free-Standing AVCs and Retirement Annuity Contracts.Under the DSS proposals a single tax regime will only apply to certain defined contribution […]

Senior Hogg Robinson director defects to Wentworth Rose

Hogg Robinson regional director David Edwards has joined Wentworth Rose Independent as head of retirement Counselling.Edwards role is to spearhead further development of corporate connections, and be lead speaker on pre-retirement and financial awareness courses.

First Quadrant acquires Prolific Objective Asset Management

Investment managers First Quadrant has acquired London-based Prolific Objective Asset Management.The deal will increase Quadrant&#39s £8.5bn in assets and overlays via the London office by about 10 per cent.POAM managing director Philip Ainsworth says: “The fit of our expertise and products with First Quadrant is excellent and offers genuine opportunities for us to build business […]

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

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