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126 Jobs and four branches to be lost at Newcastle

Newcastle Building Society, the UK’s eighth largest building society, is making 126 redundancies and closing four branches to cut costs and streamline the business.

The job cuts come as part of a wider restructure involving a capital strengthening programme which completed on May 10.

The branches to be closed are Crook, County Durham; Yarm, Stockton-on-Tees; West Road, New-castle; and York, north Yorkshire.

Job losses will be concentrated on back office and management roles with the aim of maintaining the current number of customer-facing staff.

Jim Willens, chief executive of the Newcastle, says: “We have to make a number of difficult decisions but these will benefit the society and the majority of staff in the long-term.”


MPC votes to maintain base rate at current level

The Bank of England’s Monetary Policy Committee voted unanimously to keep the base rate on hold and maintain quantitative easing at £200bn, the latest minutes from the MPC’s meeting show.


The End Of Interest Only?

One of the biggest changes in the Mortgage Market occurred a few days ago when the massive Lloyds Banking Group announced that they will no longer provide loans on an interest only basis above £500,000.



Key Retirement Solutions’ Dean Mirfin hands over the keys to a Mini Cooper to competition winners Sheila and Allen Davies Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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