The Royal Bank of Scotland has confirmed that it will cut 9,000 jobs by the end of this year, as a result of its takeover of NatWest.
The bank insists it will not engage in wide-spread bank closures. RBS chief executive Fred Goodwin says that branches of the two banks will remain side-by-side on high streets.
The eventual total job losses will be 18,000 of the workforce of 94,000 in the UK.
Don Cruickshank is to become the next chairman of the London Stock Exchange. He will join the LSE board immediately and will take over from chairman Sir John Kemp-Welch on May 25.Cruickshank has recently been in the spotlight for his investigation and subsequent damning report of the retail banking industry in the UK.He was also […]
Pension provider NPI is the first life office to base external fundmanagers' charges on performance.The company believes one way IFAs can fight back in the post-stakeholdermarket is to offer external fund management links on its pensions. It isalso making the fund links open to all its new and existing customers.NPI says it whittled its choice […]
Fleming Asset Management has introduced an offshore global sciences fundto capita^_lise on changing demographics.It says the sector is changing rapidly as a result of an ageing worldpopulation and the need for an ever inc^_rea^_sing number of drugs tocombat existing and new diseases.The launch, revealed in MM last month, will form part of its flagship fundrange […]
Quality and differentiation are now becoming buzz words in the IFA sector.How can firms of all shapes and sizes create a quality strategy for thefuture which will give them a competitive edge?There are only ever two ways of gaining a sustainable, competitiveadvantage. They are doing it cheaper or doing it better. The problem withdoing it […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]
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