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Skipton Building Societies assets jump 16 per cent

Skipton Building Society saw its group assets jump 16.4 per cent for the six months to June 30, 1999.

The society now has assets in excess of £4.75bn up from £4.1bn for the same period last year.

The society also saw its mortgage balances leap by 10.2 per cent to £3.53bn compared to £3.2bn for the first six months of 1998.

Skipton&#39s chief executive and director John Goodfellow says: &#34These are excellent and well balanced set of results in an increasingly competitive market place.

&#34In particular we have shown our ability to generate substantial income via fees and commissions and to invest wisely in our subsidiaries has enabled us to grow our assets and increase our profits.&#34


Norwich Union produces explanatory Isa video

Norwich Union is aiming to tackle consumer ignorance over Isas by producing a free explanatory video.The free video entitled &#34The Isa Age&#39 will attempt to provide a set-by-step guide to Isa investment options and charges.NU Investment Funds director of sales and marketing Mark Skinner says: &#34The lack of understanding is highly alarming, investors are being […]


Albany International launches Tep based product

Albany International is launching a new traded endowment policy based investment product on September 1.The Value Managed Account will invest wholly in the Tep Value Fund which is linked to the Low Risk Asset Fund managed by Scottish Value Management.It will primarily invest in Teps, although other types of low risk investment opportunities are not […]

Sun Bank makes new board appointment

Sun Bank has appointed Liz Stephens as its operations director.Stephens will be responsible for all service and processing of the bank&#39s business including residential and commercial mortgages, customer services and special projects.She will report directly to the bank&#39s managing director Mark Sismey-Durrant.

IFA fined over pensions misselling review

The PIA has taken disciplinary action against Leicestershire IFA Bland Bankart Financial Services over compliance failings resulting from the pensions misselling review.Bland Bankart of 26 De Montfort Street, Leicester was fined £20,000 and ordered to pay PIA costs of £2,200.Among the areas identified by the PIA were inadequate monitoring and failure to identify a starting […]


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