View more on these topics

West Bromwich posts eight per cent increase in assets

West Bromwich Building Society has posted an eight per cent increase in total assets to 6.4bn pounds in a set of strong half year results.

Group pre-tax profit rose by 3 per cent from prior period to 20.9m. Mortgage assets were up 9 per cent to 5.1bn pounds, with gross lending up eight per cent to 1bn.

These results confirm the West Broms position as the 9th largest building society in the UK.


Capita to review Thinc Destini outsourcing potential

Capita is undertaking an evaluation of whether Thinc Destini should outsource its support functions. A comprehensive review of current operations will take place and will focus on assessing the quality and efficiency of Thinc Destinis operations and potential benefits it could gain by outsourcing.Thinc Destini group chief executive Simon Chamberlain says: It is essential to […]

DWP declares Sipps are able to hold protected rights

The Department for Work and Pensions has declared that Sipps are a mainstream pension scheme and they should be allowed to hold protected rights. In the DWPs response to its consultation – Pensions: Contracted-out Benefits and Miscellaneous Amendments – it stated: Sipps are no longer necessarily high charge and high risk investment vehicles and there […]

PPF announces 575m levy

The Pension Protection Fund has announced its levy on business will be 575m for the year 2006/07, almost double the original estimate of 300m.PPF chairman Lawrence Churchill says he believes the proposals are a fair, simple and proportionate basis for getting the risk based levy started. Churchill says no fund will have to pay more […]

Abbey launches new stepped rate bond

Abbey is launching a stepped rate bond offering 5.00 per cent gross, stepping up twice during the 21 month term of the bond.It will increase from 4.30 per cent to 4.60, capping at 5.00 per cent. This is being offered for a limited period until January 10, 2006.Abbey head of savings marketing Alexia Kilby says: […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm