View more on these topics

Scarborough BS suspends FD

Scarborough Building Society suspended its finance director Gerald Waterworth on February 8 and launched a police investigation into the use of funds totalling.£103,000 from an external bank account held by the society.

It says the account was for administrative expenses, no members&#39 accounts are affected and no other society employees are involved.

Waterworth joined the society as general manager finance in 1993 and was promoted to finance director in December 1997.

Scarborough has assets of £12bn and achieved pre-tax profits of £7m last year.

Recommended

The war of independence

As the dust from the FSA&#39s recommendation that polarisation be scrapped settles, so the recriminations start. The leadership of field marshals – or even director generals – comes under close scrutiny as the IFAs&#39 D-day approaches.Given the pressure of the tight timetables under which the FSA is trying to rush fundamental market changes in, it […]

Domestic science

Predicting the future is always a tricky business, never more so than when looking at the Japanese market and economy, which is struggling with deflation, rising unemployment, insolvent banks, sliding corporate confidence and now recession.The effect of September 11 on the Japanese market has mirrored that on Wall Street as the Nikkei tends to rise […]

Swiss Life and BMA target doctors with IP plan

The medical arm of the British Medical Association and Swiss Life are targeting doctors with a bespoke income protection plan to meet their needs throughout their careers.The BMA Services Income Protection Plan reflects the changing salaries and work patterns as doctors move from their last year of medical school through work in hospitals, general practice […]

Holloway says CP121 could spell the end for friendly

Holloway Friendly Society says it is facing extinction if the FSA&#39s proposals for commission agreements are adopted.The friendly says its biggest product, its income protection plan aimed at low-income tradespeople, could be blown away under the proposals to stop IFAs getting straightforward commission.Holloway says sales will be hit as low-income self-employed workers are unlikely to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com