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The voice of building societies
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Building societies across the UK have been supporting the financial needs of individuals for almost 250 years. Today over a third of the population are a member of a building society. This report reviews the scale, form and potential impact of the financial education activi...
This is the fourth edition of this report from the BSA, and it seeks to investigate current practices in member engagement at building societies and to share innovations and ideas that have been successful. The report presents the progress building societies have made over...
The BSA has supported the publication of a research report by The Oxford Centre for Mutual and Employee-Owned Business, Kellog College, Oxford (commissioned by Mutuo). The Report calls for the Government to promote mutuals in order to aid economic stability in the financial...
This research, undertaken by the University of Huddersfield, is concerned with understanding how building societies non-executive directors are coping with the greater demands on them in light of the financial crisis - and the regulatory response to it. It examines their v...
Based on a survey of societies conducted earlier this year, the BSA has written a report entitled Building societies at the heart of their communities which explores societies' charitable activities within their local communities. The report finds that building socie...
A revised UK Corporate Governance Code was issued by the Financial Reporting Council in July 2018 and applies to reporting years starting on or after 1 January 2019. The previous version was issued in 2016. The Code is addressed to publicly quoted companies but building socie...
The BSA welcomes the Government’s commitment to achieving strong, sustainable and balanced growth that is more evenly shared across the country and between industries. BSA members all have their main operational headquarters away from the City of London, and are a significant ...
Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Mutual lenders and deposit takers have total assets of over £330 billion and, together with their subsidiaries, hold residentia...
The circulation of “bad apples” has to stop and the requirement to provide and to seek regulatory references may achieve this goal. Building on current regulatory practice is a step in the right direction. Therefore in principle, the proposals should not be a major long-term...
Summary We have seen no demand from external users for building societies’ capital reporting to be subject to greater assurance. Building societies are owned by their members so do not have external investor pressure in the same way banks do. ICAEW itself reports that in ...
Our annual conference offers a great opportunity to exchange views and ideas with peers and wider industry contacts through our thought-leading keynotes, breakouts, exhibition floor and social events. Conference venue Queen Elizabeth II Conference Centre, Westminster, L...
In a green paper issued on 29 November 2016, the Government airs ideas for improving corporate governance. These include: strengthening the corporate governance framework for the UK’s largest privately-held companies [NB the scope of this, suggested in the green paper, inc...