Skipton Building Society

Cofunds sees high uphold rate

First cash LISA launches 8 June

Skipton Building Society is to sell its advice arm Torquil Clark to national wealth manager Bellpenny for an undisclosed sum.

Phil Hodkinson, the former finance director of HBOS, has bowed to pressure and resigned as senior independent director of Resolution, the life assurance group .

Guernsey-based Skipton International has kicked off the new year by launching a 180 day sterling notice account. Advisers' clients will need to make a minimum deposit of £10,000 to open an account.

Guernsey-based Skipton International has added a 180 day notice account to its portfolio of business deposit products and lifted rates across the board on its other 120, 80 and 40 day notice and ‘easy access' sterling business products.

The quality of financial advice given by advisers in high street banks and building societies has come under fire after a mystery shop by consumer watchdog Which?

Lenders are expecting a surge in demand for fixed-rate mortgages after inflation rose by the fastest rate on record last month.

US private equity group JC Flowers is lining up bids for at least four UK building societies as part of an ambitious plan to create a "supermutual" that could be partially floated on the London stock market in five years.

HML, the Skipton-owned outsourcing firm, will close its Scarborough office putting at risk 136 jobs, with a further 28 potential losses at other sites.