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News in digestible form
Welcome to the January 2009 edition of our e-newsletter, BSA Newsbite. A monthly online update, Newsbite gives you the latest news, views and stats from the building society sector.
The Winter edition of Society Matters is a mortgage and housing policy special. It is out now - to request a postal copy or to be added to the distribution list click here. To view the pdf version, click here.
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Early Day Motion on building societies and FSCS levy gathers pace in Parliament
An Early Day Motion (EDM) noting the disproportionate impact on building societies of the Financial Services Compensation Scheme (FSCS) levy resulting from the failure of banks, has attracted over 100 signatures from MPs. The motion, tabled by Ann Cryer, Labour MP for Keighley, has quickly gained cross party support since it was tabled on 13 January.
Read the full article
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House Prices in 2009
The uncertainty experienced in 2008 is likely to continue in 2009 as the general economic outlook deteriorates, with the UK economy in recession. Despite interest rates gravitating towards zero and affordability improving, the deterioration in the UK economy combined with restricted availability of credit will contribute to further house price falls in 2009.
In this article, the BSA examines what might happen to house prices in 2009. Read the full article
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Building societies top the tables for most consistent savings accounts
The latest survey from Moneyfacts shows that building societies dominate the tables for the most consistent savings accounts – offering their members the best value over the long term. In the January 2009 survey, societies accounted for 79% of the most consistent accounts.
Michelle Slade, Analyst at Moneyfacts.co.uk, said: “Once again the percentage of accounts from building societies continues to increase, showing that savers shouldn’t just look to the big banks for the best deals.”
The Moneyfacts most consistent savings tables can be viewed here.
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BSA Annual Conference 2009
Join us in Harrogate for two days of dialogue, debate and delightful company
This year’s BSA Annual Conference, 20-21 May, features its usual combination of thought-provoking and insightful presentations, advice-packed seminars and a wealth of networking and social events to catch up with your industry colleagues.
Read full article and register.
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Advertisement
FSA's Banking and Compensation Reform Conference - 2 March 2009, QEII Conference Centre
The conference, which features Adrian Coles, BSA Director-General, as a speaker, will provide an opportunity to hear the FSA’s proposals on how the banking sector will be supervised following the enactment of the Banking Bill.
It will also cover how the FSA proposes to enhance compensation arrangements in the UK. The proposals to facilitate fast payout of compensation will apply to all UK-authorised deposit-takers.
Click here for further information and booking details.
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And finally ...
If Newsbite has been forwarded to you by a colleague and you would like to get your own copy direct, or if you would like to unsubscribe just e-mail the Media Centre.
For feedback, opinions and information, contact Newsbite’s editor Rachel Le Brocq.
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