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A Budget for Savers?

Newsbite,
Contact:
brian morris,
Last updated:
31 March 2016

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 su...

Age becoming critical factor in housing market

Newsbite,
Contact:
amy mccluskey,
Last updated:
30 June 2016

House prices, an ageing population and consumer expectations are prompting a shift in the UK housing market, consumer research from the Building Societies Association suggests.  The latest Property Tracker survey results show a lack of downsizing in later life, despite plans t...

Apprenticeships now under Department for Education following cabinet reshuffle

Newsbite,
Contact:
amy mccluskey,
Last updated:
28 July 2016

After a turbulent few weeks in Westminster, clarity is emerging around the newly-appointed ministers. The Department for Education (DfE) has taken over responsibility for Higher and Further Education policy, as well as apprenticeship and wider skills policy;this was previously...

Bank of England using computer models to predict Buy-to-Let housing market effect

Newsbite,
Contact:
robert thickett,
Last updated:
01 December 2016

It’s no exaggeration to say that buy-to-let has fallen out of favour with both politicians and regulators.   Warnings from the Financial Policy Committee (FPC) about the risk buy-to-let landlords could pose to the wider housing market manifested in major taxation changes l...

Brexit: What next?

Newsbite,
Contact:
amy mccluskey,
Last updated:
30 June 2016

Since last Friday’s Referendum result, the topic of the UK’s departure from the European Union has reverberated around the world. The BSA discusses potential effects. There has been a lot of conversation, speculation and expectation regarding the future of the UK after the...

BSA Conference

Newsbite,
Contact:
hilary mcvitty,
Last updated:
28 April 2016

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 an...

Building societies dominate independent best buy tables for mortgages and savings accounts

Newsbite,
Contact:
amy mccluskey,
Last updated:
29 September 2016

Building societies are dominating the top-end of independent best buy tables when it comes to consumers preferred savings accounts and mortgage providers . Fairer Finance is an organisation which helps consumers to find a bank or building society that offers a good service,...

Celebration as first year concludes on the BSA MSc programme

Newsbite,
Contact:
amy mccluskey,
Last updated:
30 June 2016

It was an evening of celebration at Loughborough University last week, as the BSA MSc Leadership and Management students marked the end of their first academic year on the programme, with an evening of reflection, celebration and a barbeque with their CEO’s, mentors and line ...

Complexities around the new Apprenticeship Levy

Newsbite,
Contact:
hilary mcvitty,
Last updated:
30 August 2016

O ne thing is sure this summer – very few things in the political world have stood still and this has had inevitable knock-on effects across the great organ of Government.  August may see both Houses of Parliament in Recess, but Government continues.   The critical changes...

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

Newsbite,
Contact:
robert thickett,
Last updated:
28 April 2016

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. ...

Customer service report: A millennial's interpretation

Newsbite,
Contact:
amy mccluskey,
Last updated:
28 July 2016

As part of his work experience placement at the BSA, student Joe Gooding interprets YouGov data from a recent survey to see how building societies are performing against other financial services when it comes to customer satisfaction. I have had a savings account for arou...

Cyber-Security an inevitable consequence of the interconnectedness of everything

Newsbite,
Contact:
hilary mcvitty,
Last updated:
31 May 2016

Listening to Richard Horne, a Partner at PwC specialising in Cyber Security, speaking at the BSA Conference, it became abundantly clear that cyber everything is proliferating.  With the increase in ‘digital’ and just the sheer cyber interconnectedness of everything comes signi...

Can lower interest rates really benefit cash savers?

Newsbite,
Contact:
brian morris,
Last updated:
01 December 2016

This week in a fascinating speech entitled “Umbrellas don’t cause rain” , Monetary Policy Committee (MPC)  member Gertjan Vlieghe set out the MPC’s case for its current approach to monetary policy and, in particular, the setting of very low interest rates. He puts forward ...

Financial Diversity & the Regulators

Newsbite,
Contact:
kate creagh,
Last updated:
31 May 2016

With the new Bank of England and Financial Services Act now in law the building society sector has gained a significantly stronger competition requirement. Clause 20 in the act requires the regulators to consider financial diversity, specifically mutuality, when carrying out i...

'First of its kind' branch in a library brings mutual benefits

Newsbite,
Contact:
amy mccluskey,
Last updated:
29 September 2016

An innovative partnership between Newcastle Building Society and Stockton Borough Council saw the opening of a branch of the building society within a local town library last month.   Locals, library visitors and customers gave the move a ‘thumbs up’, praising the convenie...