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New funding structure for Financial Services Ombudsman penalises firms with fewer complaints

The BSA takes issue with the new funding proposals put forward by the Financial Ombudsman Service.  The new funding model runs counter to the 'polluter pays' model and would see firms with fewer complaints paying more as those with the most complaints pay c£70m a year less.   

  • Date: 12 August 2019
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Don't leave your cash to dwindle in a high street bank

Updated research from Savings Champion has shown that, on average, building societies continue to pay better rates to their customers than banks.

  • Date: 31 July 2019
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BSA Comments on MMC Report

A report today from the Housing, Communities and Local Government Committee has adopted three BSA recommendations that will help increase the use of Modern Methods of Construction, contributing to housing supply.

  • Date: 03 July 2019
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BSA Comments on Government's Green Finance Strategy

BSA welcomes the Government's Green Finance Strategy. 

  • Date: 02 July 2019
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Moving forward to help 'mortgage prisoners'

The Building Societies Association has today responded to the FCA proposals to help Mortgage Prisoners by enabling lenders to utilise a modified affordability assessment.

  • Date: 26 June 2019
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Removing Brexit uncertainty won’t resolve housing market issues

The BSA Property Tracker survey has revealed that high house prices more of a concern than Brexit to those who don't think now is a good time to buy, housing market sentiment has remained negative for over two years, and, house price expectations rise

  • Date: 12 June 2019
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The high street lives on: Building societies reinvigorate local communities, BSA report shows

This report demonstrates why building societies put such an onus on their role in their communities; from providing valued services and skilled employment, to working with and supporting local institutions and infrastructure such as town centres, and looking after the world around us.

  • Date: 24 May 2019
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New Chair elected at Building Societies Association

Mike Regnier, Chief Executive of the Yorkshire Building Society has been elected as the new Chair of the Building Societies Association.

  • Date: 24 May 2019
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Strong first quarter for building societies

Building society lending and savings figures for Q1 2019 show that building societies accounted for 57% of the growth in the mortgage market, and took 35% of cash savings deposits in the first quarter of the year.

  • Date: 23 May 2019
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Cash ISA Transfer Performance – Q1 2019

From 1 January to 31 March 94 per cent of cash ISA transfers have been completed within seven working days, well above the minimum commitment of 85 per cent.

  • Date: 26 April 2019
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BSA responds to FCA duty of care feedback statement

Christopher Lawrenson MBE, Head of Legal Services at the BSA comments:

“The key issues regarding conduct in financial services in the early 2000s were twofold: Firstly, certain firms demonstrated poor governance practices and culture. Secondly, there was inadequate regulatory oversight and enforcement - with a major factor being the lack of regulatory tools to apportion and enforce individual accountability.

  • Date: 24 April 2019
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BSA responds to FCA Mortgage Market Study report

Paul Broadhead, Head of Mortgages & Housing comments:

“It is positive to see FCA recognise that the mortgage market broadly works well although one sentiment that should be addressed is the perceived idea that the cheapest mortgage equals the best mortgage - this is always not the case.

  • Date: 26 March 2019
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