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Child Trust Funds

Factsheet,
Contact:
simon rex,
Last updated:
20 February 2019

HMRC stopped issuing new Child Trust Fund vouchers on 1 January 2011. The Child Trust Fund was the centrepiece of the Labour Government's plans to encourage asset-based welfare. According to the Labour Government , the Child Trust Fund would help engender a savings habit a...

ISAs - Individual Savings Accounts

Factsheet,
Contact:
simon rex,
Last updated:
06 April 2019

Cash ISAs are the main cash-based tax-free savings product offered by building societies and they are a particular strength of building societies, with the sector regularly having over 35% of the market. An Individual Savings Account (ISA) is not a product in its right but...

Junior Individual Savings Accounts (JISAs)

Factsheet,
Contact:
simon rex,
Last updated:
06 April 2019

Junior ISAs were introduced in November 2011 as a replacement to Child Trust Funds. Junior ISAs have the following key features: All UK resident children under the age of 18 who do not have a CTF are eligible for Junior ISAs. All returns are be tax-free.  Both cash and...

Lost a savings account?

Factsheet,
Contact:
simon rex,
Last updated:
23 April 2015

Through the BSA website you can trace savings that you have lost touch with. It is also possible to trace another person's lost account if you are legally empowered to do so. This web-based tracing service is FREE and operates through: mylostaccount.org.uk Mylostacco...

Building Societies Annual Conference 2020

Event,
Contact:
jason russell,
Last updated:
01 July 2019

Following on from the success of this year's event, the Building Societies Annual Conference will be heading to Liverpool for the first time. The conference will take place at the ACC Liverpool by the iconic Kings Docks. It is the ideal location for our conference, exhibition...

APP fraud for decision makers

Event,
Contact:
christie sharp,
Last updated:
20 August 2019

Authorised push payment fraud is one of the most significant issues confronting the financial services industry today as reflected in pressure from politicians, regulators and consumer groups for firms to do more to support victims of APP fraud through the CRM Code and Con...

Understanding fintech

Event,
Contact:
christie sharp,
Last updated:
25 September 2019

Fintech is impacting all aspects of how firms operate, from product, marketing, distribution to compliance, governance and leadership. This two-day course, in partnership with IFF Training, provides building societies and credit unions with a comprehensive understanding of ...

Savers get a better deal from building societies

Press release,
Contact:
amy harland,
Last updated:
20 March 2017

New data shows that building societies give the UK’s hard pressed savers a better deal than other deposit takers do[1]. The Building Societies Association (BSA) has collated this new data using a similar methodology to the effective rates data compiled and published by the...

Pressures in the economy challenge homebuyers and savers

Press release,
Contact:
hilary mcvitty,
Last updated:
14 August 2017

Developments in the wider economy are making it more challenging for homebuyers and savers. Building societies continue to support both groups, and maintained a high market share of new mortgage lending and savings in the second quarter of 2017. Mortgage lending Q2  Buil...

BSA Autumn Statement submission

Industry response,
Contact:
kate creagh,
Last updated:
09 November 2016

Dear Chancellor   Autumn Statement 2016 Given the significant changes, challenges and opportunities facing the UK as a result of the EU Referendum and what will flow from it, we have set out some thoughts and ideas which we hope will be of value as you develop your Autu...

BSA Response to FSA Consultation on FSCS Funding Review (CP 12-16)

Industry response,
Contact:
the bsa team,
Last updated:
24 September 2012

Introduction  The Building Societies Association (BSA) welcomes the opportunity to respond to the FSA’s proposals for reforming the FSCS funding model, as set out in Consultation Paper 12/16. The BSA represents mutual lenders and deposit takers in the UK including a...

Our brief response to joint consultation on FSCS management expenses levy limit 2016/ 17

Industry response,
Contact:
andrea jeffries,
Last updated:
12 February 2016

We welcome the slight reduction in the MELL budget but argue for more detail on "strategic change" expenditure. Click here for the response.

Help to Buy ISA - draft implemetation documents

Industry response,
Contact:
andrea jeffries,
Last updated:
01 July 2015

We are pleased to offer comment on the draft target operating process and operational principles for Help to Buy ISA circulated on 22 June 2015.  Help to Buy ISA should prove a welcome tool to help young home buyers take their first step on the housing ladder.  The product sho...

Industry response to HMRC draft CTF to JISA draft guidance

Industry response,
Contact:
andrea jeffries,
Last updated:
20 February 2015

We welcome the flexibility that the ability to transfer from CTFs to JISAs brings. To align with standard practice, an industry working group has produced CTF to JISA transfer guidelines and model forms which are also included in this response. Click below to read ...

Our response to HM Treasury's consultation 'Opening up UK payments'

Industry response,
Contact:
andrew hopkins,
Last updated:
25 June 2013

Introduction The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 46 UK building societies.  Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold res...