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Skipton and Newcastle building societies deny takeover talks

Skipton and Newcastle building societies have both denied reports that they are in talks over a potential takeover deal.

The Mail on Sunday reported that Skipton could be poised to takeover Newcastle to create a £21bn mutual with more than a million members.

But spokespeople from both building societies say “there is no substance to the reports”.


Sesame pans oral exams

Sesame has warned that the FSA’s plans to allow oral assessments for QCF level four will not do enough to recognise advisers’ skills.

Annuity firms face higher solvency costs

The latest Solvency II consultation paper proposes that annuity providers should have to hold enough assets so they are still able to meet their liabilities if they are forced to switch from corporate bonds into Government bonds.

Brexit: what to expect in the aftermath

James Dowey, Chief economist & CIO In these very early stages following the “Leave” win any prognosis is by its nature highly tentative. It will be weeks before we are able to measure the acute impact of the result on the UK economy, and there are clearly no close historical parallels on which to base […]


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