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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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24 building societies reach finals of Moneyfacts 2019 awards

24 building societies have reached the finals of the Moneyfacts 2019 Awards.  Their success stretches across nine mortgage categories; five savings and current account categories; and the Innovation in Personal Finance and Personal Finance Provider of the Year categories.

  • Date: 18 March 2019
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Concerns over job security at a five-year high as Brexit uncertainty persists, reveals Property Tracker survey

Released today, the BSA’s Property Tracker survey results reveal that:

  • Concerns over job security is at a five-year high
  • A third of people do not think that now is a good time to buy a property
  • Almost a third of the UK thinks that property prices will fall over the next year

  • Date: 13 March 2019
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BSA comments on the Authorised Push Payment (APP) Scams Voluntary Code publication

The APP Scams Steering Group has published a voluntary code of practice. It will come into effect on 28 May when members of the Steering Group will abide by the code, and encourage other financial service providers to do the same.

  • Date: 01 March 2019
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Strong Q4 boosts building society 2018 performance

Lending and savings figures published today show that building societies lent £68.9 billion in mortgage finance in 2018, up 7% on 2017.  Over the same period savings balances increased by £14.3 billion, well ahead of the £8.5 billion increase for the previous year.

  • Date: 11 February 2019
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Cash ISA Transfer Performance 2018

The BSA, TISA and UK Finance report that  90% of cash ISA transfers were completed within seven working days during the 12-month period from 1 January 2018 to 31 December 2018, well above the 85% target.

  • Date: 01 February 2019
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'For people, not shareholders' - a BSA collaboration with ITN Productions

In a new communications partnership, the BSA and ITN Productions are producing a news and current affairs-style programme exploring how building societies help people achieve their financial goals.

  • Date: 22 January 2019
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Building societies come out on top once again

Independent research from Savings Champion reveals that building societies have outperformed banks in key areas throughout 2018.

  • Date: 15 January 2019
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BSA comments on CMA decision on CAB super-complaint

The BSA welcomes the decision by the CMA for regulators to take forward the recommendations within their current work without the need for a separate market study at present.

  • Date: 19 December 2018
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