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Santander slashes more Abbey jobs

Banco Santander confirms it will be cutting 1,000 more jobs at Abbey than it originally expected taking the total number of job losses since the take-over to 4,000.

When the bank acquired Abbey in November last year, it forecast the removal of 3,000 jobs in its cost-cutting programme. Around 2,400 posts have been identified to go and 1,000 jobs have already been cut. Back office roles will primarily be affected.


Experience counts as much as exams

As one of the people referred to by Filip Slipaczek in his letter last week, I find his comments are typical of the pomposity and portentousness shown by some ex-Sofa members about lesser-qualified advisers.

Drawdown drawbacks

Client fund size is the main barrier to recommending drawdown to clients, according to a GE Life survey conducted in association with Money Marketing.

Capita launches into loss adjusting market

Capita Group is launching a new business focussing on the high-end corporate and complex loss adjusting market.The new division, named Teceris, will be within Capita’s Insurance Services arm and will target major corporations, affinity groups, Government and the commercial insurance market at a national and global level.Capita director Stewart Steel will head Teceris.


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