Abbey

Rowanmoor Pensions, the result of a management buyout of part of James Hay, is planning its future starting with a series of IFA roadshows over the next few months.

Allfunds Bank's UK director Holly Mackay is leaving the firm to consider new opportunities elsewhere.

ABBEY HAS launched an ambitious plan to more than double its share of the investment and pensions market within the next 18 months.

Resolution is raising £1.55bn through a rights issue to fund its £3.6bn acquisition of Abbey's life insurance businesses, reports the Telegraph.

Whereas people would in the past have sought to pay off their mortgages well before retirement, evidence today suggests the pressures of modern life are leading people to hold mortgages much later in life.

HIGH STREET BANK Abbey has admitted a problem with its business banking service has resulted in some customers' online payments going to the wrong people, says The Guardian .

Abbey will relaunch its wrap proposition this autumn, possibly under the James Hay brand, as it looks to double investment sales through intermediaries by 2008.

Abbey has sold its life business to Resolution for £3.6bn.

Resolution Life's proposed £3.5bn acquisition of Abbey's closed life insurance arm may involve a smaller rights issue than the City is expecting because of surplus capital pumped into the funds by Abbey during the last bear market, the Telegraph has reported...

Half of second-time buyers are struggling to make the next move up the property ladder research from Abbey suggests.