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BSA blog

News and views on topical issues from BSA staff and guests.

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Strong sector results: a trend since the end of the financial crisis

28 February 2019

The building society sector posted strong results for 2018. This continues the trend of strong performance by the since the end of the financial crisis.

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Savers £2.3 billion better off with building societies over last three years

27 February 2019

People saving with building societies earned £920 million in additional interest on their savings in 2018 than if they had earned the average interest rates paid by large Monetary Financial Institutions, a group mainly comprising the big banks.

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Congratulations Christopher Lawrenson MBE

27 February 2019

The BSA is delighted to share that Chris Lawrenson, Head of Legal Services at the BSA has been recognised for his many dedicated years of service to our sector.

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How does the building society customer experience really stack up?

27 February 2019

Michael Fotis, founder of Smart Money People discusses their report published today, entitled Buildings Societies vs BanksThe report examines customer experience across savings and mortgages through the customer feedback left on the Smart Money People website in 2018.   

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Guest blog: Banks can help building societies to embrace the benefits of the new cheque clearing model

26 February 2019

The traditional cheque has enjoyed an illustrious history since its inception in the late 17th century. Whilst volumes have steadily fallen during the 21st century, the cheque is far from dead, and in fact, just fifteen months ago, this resilient payment instrument perhaps underwent its most significant revamp to date, as the first phase of the highly anticipated Image Clearing System (ICS) came into effect.

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Economic abuse: Government bill and code of practice will help support victims

06 February 2019

Ten years ago as a newly arrived member of the BSA team I wrote my first BSA article for public consumption. The subject was financial abuse.

Sadly, I did still expect to be writing about financial abuse ten years later – or “Economic abuse” to use its new name. However, writing in 2019, it is pleasing to report some significant progress in tackling abuse and supporting abuse victims.

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