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Staffordshire appoints chief executive

Staffordshire Building Society has appointed Bill Snaith as its new chief executive.

Snaith, who was previously the firm’s deputy chief executive, has been acting CEO since January.

In his new position, Snaith says he will fight to ensure that Staffordshire remains an independent building society.


I don&#39t believe it!

If Victor Meldrew were an IFA and read Lorna Bourke&#39s article aboutstakeholder commission (Money Marketing, July 19), he would have said thesame thing I did. I can summarise what most IFAs must feel in three points: 1. We are now being told that even commission in the 1 per cent world isexcessive. 2. Lorna obviously […]

&#39Providers must pay for endowment shortfalls&#39

IFAs are calling for providers to compensate endowment policyholdersfacing shortfalls because they used assumed charges lower than actualcharges to calculate illustrations given at outset. But some providers believe the responsibility lies with the regulatorwhich they say forced them to use this method of working out illustrationsuntil 1995. IFAs are increasing the pressure to force providers […]

RBS buys rest of Virgin One

Royal Bank of Scotland has confirmed plans to buy the rest of mortgage lender Virgin One from joint owners Sir Richard Branson and Australian giant AMP for £100m.RBS, which owns 50 per cent of Virgin One, says it has agreed with both Branson and AMP to acquire their respective 25 per cent stakes as part […]

Abbey National pays £26m in merger advisory fees

Abbey National has faced costs of £26m as a result of its ill-fated merger attempt with the Bank of Scotland and its defence against Lloyds&#39 attempted hostile takeover.The £26m in advisory fees have been called a reasonable estimate by chief executive Ian Harley who says the costs are equally divided between the two bids.Despite, its […]


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