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Record results for Coventry Building Society

Coventry Building Society&#39s results for 2003 show a 32 per cent increase in gross lending compared to 2002, at almost £2.5bn. Net lending for 2003 was £863m, up 27 per cent on 2002, while total assets increased to almost £9bn.

Chief executive Martin Ritchley says: “Our results for 2003 represent another success story for Coventry Building Society. For the eighth successive year, we have improved our cost ratio, maintaining our position as the most cost efficient major building society in the UK. These results reinforce the Coventry&#39s position as one of the country&#39s most successful building societies.”


Gartmore backs the Baabaas

Gartmore is sponsoring the Barbarians rugby team for an initial two-year period. The deal puts the Gartmore name on the team&#39s jerseys first game under the new sponsorship will be against Leicester Tigers at Leicester March 3 and highlights include Scotland at Murrayfield on May 22 and England at Twickenham on May 30.

IFA&#39s concern over Menu

Michael Philips proprietor Michael Both does not welcome the introduction of the menu. He believes the depolarisation proposal itself is flawed and will cause consumers more confusion over whether they are speaking to a tied, independent or partially tied adviser. He thinks the new recommendations will only add to the confusion. Both says: “If the […]

Chief justice

We can certainly sympathise with Paul Smith writing about the catalogue of appalling shortcomings in the administration levels at Legal & General. He is not alone and L&G is not the only culprit in the declining administration standards of the insurance industry. We have seen all this before but have been unable to overcome the […]

Life and pensions business up 4.3 per cent in Q4 – ABI figures

New life and pensions business rose 4.3 per cent to £2.45bn annual premium equivalent in the final quarter of 2003, up from £2.35bn in Q3 of 2003, according to figures from the ABI. But the Q4 of 2003 figure was 4 per cent down on the £2.55bn sales achieved in the same quarter of 2002. […]


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