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Norwich and Peterborough
It’s been another busy (and in some instances raucous) year in financial services. While it’s been a positive 12 months in many respects for advisers, the regulator has again come in for criticism...
The Financial Services Compensation Scheme (FSCS) has reassured savers with Northern Rock plc and new owner Virgin Money that account holders will have separate cover at each of the two banks.
The FSA today confirmed the merger between the Yorkshire Building Society and its smaller rival Norwich & Peterborough(N&P) which will complete on 1 November.
Other Norwich and Peterborough articles
Norwich and Peterborough (N&P) building society's members have voted in favour of the merger between N&P and larger rival Yorkshire.
Norwich & Peterborough (N&P) building society has widened its investigation into advice by branch staff to include recommendations to invest in funds from JP Morgan, Standard Life and Legal & General.
Troubled Norwich & Peterborough (N&P) was rated the worst of 12 large high street lenders for online security.
Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.
Norwich & Peterborough Building Society (N&P) says all but a few of the 3,200 customers who it advised to invest in Keydata have been sent individual offers of compensation and many have already been paid.
Norwich & Peterborough (N&P)'s chairman has claimed a damning internal review of the building society's Keydata sales practices was not brought to his attention until after the investment firm collapsed.
The FSA this week fined N&P £1.4m for giving unsuitable advice on Keydata products, on top of the £51m it must pay out in compensation.
Troubled building society Norwich and Peterborough (N&P) has agreed the terms of a proposed merger with Yorkshire Building Society.
Anne Gunther, the former Standard Life Bank chief executive, will take over as head of troubled building society Norwich & Peterbourgh (N&P).
So how did N&P's advisers take the company from a safe-as-houses building society to the centre of one of the biggest mis-selling scandals of the decade?
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