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Newsbite is our monthly e-newsletter, providing the latest news, views and stats from the building society sector. 

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Could a 20-minute house purchase ever become a reality?

A recent report from management consultancy Oliver Wyman on modular financial services included a two-page comic book depicting what buying a house in the future might look like. The comic depicts a woman walking into an estate agency looking for a one-bedroom flat. A property fitting her criteria is available and she views it through a virtual reality (VR) headset. She agrees to buy it and immediately gets a breakdown of her financial situation.

  • Date: 28 April 2016
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Where will people rent?

Almost a year into this Government and we already have an indication of where housing policy is heading over the rest of this Parliament. The Government has the laudable aim of reversing the tide of declining home ownership and all their policies are geared towards achieving this.

  • Date: 28 April 2016
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BSA Conference

Around 500 people are expected to gather at The Sage in Gateshead on 18 and 19 May for the 2016 Building Societies Association Conference #BSA2016.  Over the two days they will hear from a wide range of speakers from inside the sector and out, and from within the UK, Europe and the United States.  For those already coming and those thinking about it, here is a taster of the content on offer, all sitting beside what promises to be a vibrant exhibition.

  • Date: 28 April 2016
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Piecemeal law and rule-making – we’ve reached the tipping point

Nobody should be surprised, after PPI, LIBOR and FOREX, that there has been a lot of regulatory activity in relation to conduct in financial services firms.  Neither should anybody underestimate the difficulty of the task facing regulators in dealing with major issues like these.  However, we all have a right to expect such activity - whether taken by regulators or by law-makers across wider conduct areas, to be co-ordinated, focused, proportionate, transparent, consistent and effective.  

  • Date: 28 April 2016
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New Associate Welcome: Titlesolv

With a wealth of property, lending and underwriting experience, Titlesolv is wholly focused on offering innovative and high quality solutions to even the most complex of property risk management needs.  We were one of the pioneers that introduced title insurance to the UK and the Republic of Ireland, and remain at the forefront of innovation in the industry.

  • Date: 31 March 2016
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New Associate Welcome: Capita

Capita Employee Benefits is the leading provider of member tracing and mortality screening services to the Life and Pensions industry. We provide both online and telephone-based services which interact seamlessly with your own systems. A recent survey of ‘gone away’ members traced by us on behalf of a pension provider gave a 92% satisfaction rating for our service.

  • Date: 31 March 2016
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Strengthening accountability in banking: the final word?

The strengthening accountability in banking exercise was launched on the 7th March, including the new senior management regime (SMR), new certification arrangements and revised conduct rules applicable to a wider range of individuals. The rules are now in force for banks, building societies, credit unions and PRA-regulated investment firms. A similar, but not identical, regime applies to the insurance sector. 

  • Date: 31 March 2016
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Supporting customers affected by cancer

There are currently 2.5 million people living with cancer in the UK and this number will grow to 4 million by 2030. Research commissioned by Macmillan Cancer Support has also revealed that four in five people are, on average, £570 a month worse off as a result of their cancer diagnosis. These startling facts highlight the key role of financial service providers in supporting customers affected by cancer and other long-term illnesses. 

  • Date: 31 March 2016
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A Budget for Savers?

A couple of weeks before his recent Budget, Chancellor George Osborne acted to quell growing speculation about changes to the pensions regime by announcing that he would not be replacing the existing approach to taxation of retirement savings with a pensions ISA. He then surprised us all by announcing a new account, the Lifetime ISA. We also learned of a new Help to Save scheme, aimed at encouraging those on lower incomes to save.

  • Date: 31 March 2016
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How can firms adapt to meet the needs of an ageing population?

Over the last couple of years, the Building Societies Association (BSA) has been thinking about how best to respond to the needs of an ageing population. At its heart, the challenge is: how do we, as financial services firms, ensure that the needs of older customers are considered in every part of the business? Read on to find out more.

  • Date: 25 February 2016
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What Modern Methods of Construction could do for London’s housing crisis

Over the past 100 years housebuilding has remained largely the same. In an interesting Policy Exchange report, Jamie Ratcliff, Assistant Director for housing at the Greater London Authority, signals where the future may lie. Read on to find out more.

  • Date: 25 February 2016
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Making progress: apprenticeships and gender pay

The Government is being very active on the people front at the moment, bringing with it a mixed bag of opportunity, cost and additional reporting requirements for some.  Read on for developments in apprenticeships and reporting on the gender pay gap. 

  • Date: 25 February 2016
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