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West Brom appoints deputy chairman

West Bromwich Building Society is appointing Norman Cooper as deputy chairman.

Cooper has been a non-executive director at West Bromwich since 1998, and was formerly with Royal Insurance, where he was director and general manager prior to its merger with Sun Alliance in 1996.

West Bromwich chairman Roger Dickens says: “Norman has made a considerable impact during the three years he has been on the board. His support and positive insight into our business has been phenomenal.”


Profits boosted for Sun Bank

Profits at Sun Bank rose by 39 per cent to £6.2m from £4.46m forthe first six months of the year. Assets under management rose by 16 percent to £1.3bn from £1.1bn and lending increased by 14 per centto £157m from £137m. Customer deposit accounts increased by 13per cent to £1.1bn from £974m. The bank has […]

IFAs&#39 open letter to Ron Sandler

Leading IFAs are calling on Ron Sandler to enter into discussions with theIFA community before making any assumptions about the sector in his Reviewof Medium and Longterm Retail Savings. Their open letter (in full here) asks Sandler to ensure he meets with IFAsas part of his consultation paper to give them a fair hearing Ron […]

Bringing annuities out in the open

“You could get up to 20 per cent more from your pension fund if you choosethe right annuity” is a typical media claim. Shopping around for yourannuity on retirement can mean you get a much higher income than you wouldby staying with your pension provider. This assertion is commonly coupled with the criticism that “pensioncompanies […]

Scottish Mutual launches pension investment vehicle

Scottish Mutual is launching a customised pension investment vehicle offering retirement planning flexibility, available in two versions.The Classic Flexible Trustee Investment Plan gives investors access to the Scottish Mutual pension fund range, including external fund links to Fidelity, Merrill Lynch, Newton and Perpetual.The Tailored Flexible Trustee Investment Plan is designed for fee-paying individuals and corporate […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


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