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Portman Building Society assets grow 36 per cent

Portman Building Society has announced record results following a merger with Staffordshire Building Society last year. Total assets grew 36 per cent to £14.1bn from £10.37bn, while profit before tax increased by five per cent, to £67.4m from £64.1m. The society saw organic growth of 17 per cent, excluding the merger with the Staffordshire.

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MPs dig themselves out of trouble

In a scene reminiscent of Shallow Grave, the Diary observed a series of shadowy figures gathering in the House of Commons car park this week. As the sky darkened and snow flurries started, the thudding of spades being thrown into the boots of cars could be heard from St Stephens Gate. The Diary hears several […]

Marlborough Stirling appoints new chief executive

Marlborough Stirling has appointed Mike O&#39Leary as chief executive. He takes over from Huw Evans who reverts to his previous role of chairman. O&#39Leary previously served on the board of Misys plc from 1986 to 2000 and was chief executive of its financial services division between 1990 and 1997 and its US healthcare division from […]

io fund gets inflation proofed

io Investors has unveiled the io inflationplus fund, an Oeic fund of funds that aims for income and capital growth of 5 per cent above UK inflation. io Investors chose the Retail Prices Index as a benchmark because a direct link enable the fund&#39s returns to outpace inflation. Inflation erodes purchasing power over time and […]

Intelligent Finance sets up fixed and tracker loans

Intelligent Finance is offering fixed-rate and tracker mortgages for the first time. The HBOS subsidiary has set the fixed-rate mortgage at 5.19 per cent until July 2006 followed by a one-year discounted variable rate of 0.15 per cent below the bank&#39s standalone variable rate, currently 4.95 per cent. The tracker mortgage is set at 4.19 […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]

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