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Nationwide will close four of its processing hubs

Nationwide Building Society has confirmed plans to move from six processing centres to two, resulting in the closure of centres in Birmingham, Chester, Doncaster, and Newcastle.

Mortgage Strategy first revealed in April that the UK’s largest society was considering a move to two centres with all broker mortgage processing to be done at the Northampton and Glasgow sites.

Some 145 staff are affected but a spokeswoman for Nationwide says it is difficult to confirm how many redundancies will result as employees may be redeployed to other parts of the business. Staff were notified last Thursday, shortly before an email was sent to brokers alerting them to the changes.

The closures will be carried out in stages, with all four sites to be closed by the end of August.


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; […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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