View more on these topics

West Bromwich Building…

West Bromwich Building Society is coupling up with the Severn Valley

Railway to help its members get their savings on track and raise money for

the Worcestershire-based steam railway.

Senior manager (retail operations) Rob Williams and fireman Roger Smith

(pictured above) helped a new affinity account for the railway&#39s 20,000

members and supporters get full steam ahead.

Each year, the society will pay the railway a bonus equal to 1 per cent of

the total average balance held in Severn Valley branch accounts.

Severn Valley general manager Alun Rees says: “We rely heavily on the

support from volunteers but we need to find new ways to secure income. We

believe the Severn Valley branch account is an excellent way for our

members and supporters to make a valuable contribution simply by saving.”

Recommended

Investment managers to launch new fund supermarket

Four of the UK&#39s biggest fund managers have combined to create a new independent fund supermarket company.Jupiter, Gartmore, Threadneedle and M&G have each invested £5m to create a new IFA-based supermarket to be launched in November.The new firm, called Consolidated Funds Limited, will be run by an independent board, but funded by capital from the […]

Passive resistance

In light of the recent FSA report, Saving for Retirement, do you expect tosee greater use of Isas in retirement planning?MD: Isas are already used extensively in retirement planning. The FSAreport will, however, add more weight to the use of Isas first before apension. However there are two problems associated with an approach whichseems sensible […]

50 MPs back Standard mutual fight

Standard Life has won the support of 51 MPs in itsbattle to stay mutual.Among those backing the life office is chairman of the influential AllParty Building Society Group, Andy Love.He has thrown his weight behind the mutual in its battle withcarpetbagger-in-chief Fred Woollard by putting down an Early Day motion inthe House of Commons – […]

FSA conjures up stakeholder seminar

The FSA has written to pension specialists at leading life offices askingthem to attend a seminar to discuss stakeholder pension decision trees.Ironically, the seminar to discuss the issue which has baffled much of theindustry is to be held at the headquarters of the Magic Circle in London onJune 16.Life offices say they are waiting to […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment