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West Brom prepares for armchair banking

West Bromwich Building Society has struck a deal for an undisclosed sum with cable television supplier Telewest which will allow customers to set up savings and mortgage accounts from their armchairs.

The service will go live when Telewest&#39s Active Digital TV shopping channel is launched in March.

The move follows similar entries into digital TV banking by HSBC, Abbey National and The Woolwich.

West Bromwich public relations manager Nigel Newman says: “We want to harness new technology and we are planning to provide a similar service on the internet.”


Figures confirm stakeholder debt fears

Up to a third of the Government&#39s stakeholder target group may be too heavily in debt to realistically afford a pension, according to figures from the DSS.Pensions minister Jeff Rooker has released figures from the British Household Panel Survey in response to a Parliamentary question from Lib Dem social security spokesman Steve Webb.The figures confirm […]

IFA network online broker deal

IFA network Inter-Alliance has joined forces with on-line broker Stocktrade to launch a real-time share dealing facility.The service is believed to be the first of its kind offered by IFAs, with organisers claiming the move will spark a trend.Meanwhile, Interactive Investor is set to offer multiple dealing facilities including links to Stocktrade and James Brearley&#39s […]

Equitable deemed “unstable”

Equitable Life has taken a further blow after ratings agency Moody&#39s downgraded its financial strength and debt outlook from stable to negative.The news follows last month&#39s Court of Appeal ruling that Equitable had acted unlawfully in reducing bonuses for 90,000 policyholders with guaranteed annuity rates.The next step in the proceedings will take the case before […]

ScotEq revamp

Scottish Equitable is set for a re-vamp courtesy of its Dutch parent Aegon.Aegon UK, the parent group&#39s British arm, is planning to expand Equitable&#39s product range and re-structure the company.The group and individual protection businesses of Guardian Employee Benefits and Guardian Financial Services will come under the Scottish Equitable mantle within the next few months.Aegon […]


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