Covers a range of topics relating to mortgages and the wider housing market.
Covers issues relating to savings accounts and payments.
Covers developments in conduct of business regulation
Covers issues relating to the corporate governance and constitution of building societies.
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Internal and external accounting assurance and matters relating to tax.
The regulation and supervision of firms to ensure their safety and soundness under the remit of the Prudential Regulation Authority.
A new legal aid scheme to support borrowers at risk of repossession (member only content).
Building societies and credit unions are customer-owned mutual organisations. Their culture is focused on their members and communities and this influences their day to day decisions.
A wide range of statistics relating to the UK mortgage and housing markets.
Research, analysis and guidance about our members and the issues that affect them.
Retail savings data including net receipts and deposits, ISAs and interest rates.
Operational and financial information about building societies. Includes AGM & financial results and remuneration details.
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Bank Rate cut to 4.75% but pace of rate cuts expected to moderate in wake of Budget
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View our latest press releases and comment here.
The BSA's quarterly magazine covers whats happening in the world of building societies, credit unions and the wider financial services sector.
A quarterly survey that assesses consumer sentiment regarding the UK property market.
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An introduction to treasury management (30th January 2025)
Find factsheets on mortgages, savings and the building society sector.
Track building societies that no longer exists and get a link to its successor's website.
Find mortgage instructions and specific requirements setting out individual building society policies.
The UK Savings Week campaign aims to get people engaged in saving.
Toolkits to develop Workplace Savings are available here.
Here you can find our publications, responses to consultation documents, mortgage instructions, statistics and sector job vacancies.
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Our Associate members include a wide range of companies from insurers, banks, accountants, solicitors, and other business suppliers to BSA members.
The National Credit Union Forum (NCUF) is the Credit Union Committee of the BSA.
Find out how building societies have purpose beyond profit
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The Building Societies Association is the voice of the UK's building societies.
Guest blog by Deborah Cooper and Derek Wynne, Partners of Miles Advisory
Covid had unprecedented impact on the world of work. Post-pandemic, employee-centric focus on wellbeing is prioritised in a candidate driven market and with research reporting 59% of employees would consider a company with improved wellbeing benefits.
With early data indicating no change or uptick in productivity during the home-working phase of the pandemic, flexible work practices became a lynchpin in post-covid wellbeing strategies, with the introduction of hybrid, remote and location agonistic policies becoming a top three promise in the global Employee Value Propositions in 2020, 2021 and 2022.
In 2023 however, the war for talent is easing and the data is shifting, with research from The Economist suggesting that employees are up to 19% less productive working from home, and over 70% of organisations worldwide planning to mandate a return to the office.
And wellbeing remains poor. In the UK, the government believes that poor mental health is costing employers between £33bn and £42bn a year, and the UK economy as much as £99bn per year. So the potential shift away from flexible working as a panacea could be an opportunity to identify other effective wellbeing solutions as recognition grows that hybrid working can lead to a declining sense of belonging and purpose.
The link between engagement and performance outcomes – e.g. retention, productivity, safety, is well documented. Low engagement costs the global economy $7.8 trillion - 11% of GDP globally. Presenteeism - employees not fully functioning in the workplace - costs US employers $150 billion a year in lost productivity. Boredom was cited as a main contributor in 2021/22’s ‘Great Resignation’.
So, could ‘Purpose’ be the enabler in the hybrid world of work? If leaders can move the dial from people needing to work, to creating an environment where people want to work, they could create an employee experience to attract and energise the brightest and best.
Purpose driven organisations such as building societies have the competitive advantage - connecting everyone to a meaningful purpose providing the opportunity to do something that matters. Leaders can create a powerful employee value proposition that sets out what they can expect in return for their efforts. Few other sectors are in the same position when it comes to using purpose to paint a picture of how it will feel to be part of a cause and re-ignite a sense of belonging and togetherness. The example set in the ‘tone from the top’ is critical to signpost and trigger wider organisational behaviour.
It is important to create a shared vision of the beliefs and attitudes and to support this with a clear benchmark of the expectations for their associated behaviours. By defining observable actions, leaders can hold each other to account; help employees understand the aspired culture; reduce misinterpretation of what good looks like in the way people work together and align ways of working with operating priorities.
Building societies are well placed to optimise this opportunity. The burning platform for change is only trumped by the opportunity that exists to build a compelling “cause-based” culture. The effective delivery of this will improve wellbeing, build engagement, and drive high performance. Regardless of whether the employee is at home at work, or at work at home.
Find out more: Contact Deborah Cooper, Partner, Deborah.cooper@miles-advisory.com 07464 675444
The BSA is delighted to have the opportunity to contribute to the FCA’s review of requirements following the implementation of the Consumer Duty.
The BSA strongly supports the principle of charging a fee to CMCs.