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Barclays to axe Woolwich brand from high street

Barclays is axing its Woolwich brand and cutting up to 1,200 jobs as part of a two year shake-up plan.

Although the majority of Woolwich branches will be rebranded Barclays, those within 300 metres of each other will be merged. However, Barclays says the name will continue to be used as a brand for its mortgage products.

The job cuts will come through the closure of three call centres in Bexleyheath in Kent, Clacton in Essex, and Dudley in the West Midlands, but Barclays says there should be no job losses as a result of branch closures.

Woolwich was bought by Barclays in 2000, and its name is due to disappear from high street branches from next February.


MortgageStream saves me from letting clients down

From Lee Martin I follow with interest the ups and downs related by Sue Read in her regular articles. In a recent column (Mortgage Strategy June 12), she spoke about lenders who promise one thing and deliver another. I’d like to make a suggestion to Sue. I use MortgageStream to handle all my mortgage administration. […]

Intrinsic launches with 300 advisers

Intrinsic Financial Services, the new multi-tie network headed up by the former global CEO of Zurich Financial Services, has officially launched.The network already boasts some 300 appointed representatives purely from word of mouth, providing holistic advice on a wide range of products and services from some the UKs market leaders including life, pensions, investment, general […]

Bankrupts get remortgage lifeline from Bananas Inc

Bananas Inc has launched its Lifeline remortgage scheme that allows bankrupt customers to pay off their creditors and remortgage their homes. Under the scheme a solicitor is instructed to liaise with creditors and appointed representatives charged with monitoring the bankrupt to agree a settlement figure. Once the settlement amount has been finalised, it is secured […]

Housing shortage must be addressed

What a fantastic first half of the year. The market remains buoyant and latest lending figures show an upward trend. And all this despite doom mongers saying it would never last.


DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]


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