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Societies&#39 business levels best since 1996

Building societies&#39 business volumes rose at its fastest rate since

December 1996, according to the quarterly financial services survey from

PricewaterhouseCoopers and the Confederation of British Industry. This was

in sharp contrast to banks, life offices and fund managers, which saw

business levels decline. The survey also reports that life offices&#39 overall

profitability declined in the face of the 1 per cent world.

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