Britannia and Co-op may merge in April

bristolleedsfan

MrTagard wrote: »

Ive been a member of britannia for three years and I had an ISA that was paying 7.2% which has been very good. But now they have been taken over by the empire building tinpot socialist crew called the 'co op'. They are an absolute joke and have non existant interest rates even when others were high. I cant understand how the co op is allowed to contravene competition commision rules over an over again - they have taken over somerfields but if a shareholder owned company had done this it would not have been allowed.
Something sinister is at work here, its worth remembering that the co op also run the Co op Political Party, a division of the Labour party, so thay can do whatever they want. When my next bond matures im putting it in the Nationwide because I dont want to be part of the labour partys corupt little bank called the co op. Its a shame Britannia used to be really good. Another one bites the dust as they say

Do you happen to recognise the Character :rolleyes: at the bottom of the screen. :huh:

http://www.britannia.co.uk/home/society/the_board/non_exec_directors.html

hstudent

In the proposed merger document Britannia have said they will not be paying an optional windfall payment and have asked the FSA for Britannia to not have to pay it's members a compulsory merger payment, which would be about £0.70 for every £100 invested on the 31st December, saying both are inappropriate in the current financial climate, despite both Britannia and the co-op currently being profitable.

They also have, in the report, made it look like the co-op bonus is better, when the Britannia bonus is better if you've been a member for 5 years+ (the co-op bonus will be the same how ever long you've been a member.)