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Skipton to merge with financial advice business

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  • 21/01/2016
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Skipton to merge with financial advice business
Skipton Building Society is to integrate its financial advice subsidiary into one combined business, enabling customers access to end-to-end financial solutions in one place.

The integration of the building society and Skipton Financial Services is subject to regulatory approval and is expected to take place during the summer.

The integrated firm will operate under the Skipton Building Society brand. The mutual has reassured customers that the change will make no difference to the service they receive, with no compulsory redundancies being made as a result of the merger.

David Cutter, Skipton Building Society’s group chief executive, said the move would help the mutual to develop its digital and online offering for customers.

“Importantly, customers of both businesses can look forward to receiving the same high levels of personal service as they do at the moment.

“The past year has seen radical changes made to the pensions arena, which has left a generation of people in need of somewhere to turn to make sense of everything. There’s an even greater need for people to receive not only mortgage and savings support, but also investment and pensions advice, something that so few other firms are capable or willing to deliver on the high street to the mass market,” Cutter added.

“We are both capable and willing, and by integrating our two businesses into one, we can evolve while we remain committed to providing financial advice to our customers.”

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