‘Building societies remain resilient despite challenging market’ - KPMG

The outlook for the UK’s building societies is good with societies remaining highly competitive says KPMG in its annual Building Societies Database publication.  KPMG also concludes that societies have weathered the financial crisis well, with the vast majority remaining profitable.

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Societies raise £340,000 for charity through member AGM votes

Building societies and mutuals actively encourage members to have their say by voting at their society’s Annual General Meeting.  This article looks at the sector’s AGM turnout for 2011.

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Mortgage verification scheme launched to tackle fraud

The mortgage industry and HM Revenue & Customs will launch a new scheme this week to combat mortgage application fraud.  The scheme will allow lenders to check applicants’ income details against tax records where they suspect a fraudulent application.

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Hilary McVitty joins the BSA as Head of External Affairs

Hilary McVitty has joined the Association as Head of External Affairs, heading up the BSA press office.

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BSA welcomes new Associate

Sun Life Direct, a part of AXA, has joined the BSA as an Associate.  Specialising in life insurance, Sun Life Direct has over 760,000 customers, offering simple, affordable and accessible propositions designed to meet their needs.

To find out more about them, visit their website www.sunlifedirect.co.uk

The Association now has 38 Associates – a full list of BSA Associates can be viewed here.