We are pleased to announce that the acquisition of the Abbey, UK and International sharesave business was approved by the High Court on 18th September.
Background
On 6th June 2006, it was announced that Abbey had agreed to sell its UK and international sharesave business to Yorkshire Building Society. The transfer required the approval from the Court under a procedure set down by the Financial Services and Markets Act 2000.
Abbey wrote to all accountholders with additional information regarding the proposed transfer, and confirming the Court hearing date was set for 18 September 2006.
What happens next?
It is anticipated that the transfer will be completed on 20th November 2006. On completion of the transfer, all Abbey UK SAYE and International sharesave accountholders will become members of Yorkshire Building Society.
Shortly after the completion of the transfer, we will write to all accountholders, welcoming them to Yorkshire Building Society with details of how to contact us either online, via the telephone or in writing.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, credit cards, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
