Articles tagged with: financial services

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05 May 2022 Economy

Building Societies Association Chief Executive talks about being ready for the opportunities and challenges that lie ahead

On the second day of the Building Societies Annual Conference in Liverpool (5 May 2022), BSA Chief Executive, Robin Fieth, spoke about important themes for the strategic agendas of BSA member boards.

Keeping building society legislation relevant for the 21st Century

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22 Mar 2022 Economy

Keeping building society legislation relevant for the 21st Century

It's time to update the legal framework surrounding building societies so that they reflect the needs of modern society.

19 Jul 2021 Environment

Financial institutions must set out how their investments align with the UK’s environmental goals

To effect real change, investors, lenders and insurers must deliver transition plans that move environment-related risk reporting to a sustainable footing

30 Apr 2021 Environment

Has the Financial Services Bill done enough to tackle climate change?

Although not the industry most people think of in relation to climate change, financial services play a key role in the fight to stop global warning, from investment to insurance. As is the case with many other fields, financial firms have been struggling to align themselves to global climate targets.

26 Apr 2021 Economy

We need a cap on standard variable rates to give “neglected” mortgage prisoners the financial relief they desperately need

Mortgage prisoners are trapped in costly deals with mortgage loan sharks squeezing every last penny out of them. MPs must vote to cap standard variable rates and ensure that they can access fixed-rate deals.

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21 Apr 2021 Economy

New report highlights strong sources of differentiation for the building society sector

08 Mar 2021 Economy

Amendments to the Financial Services Bill will empower FinTech to drive our economic recovery

My amendments seek to improve lives for the most financially vulnerable, as well as supercharging a successful UK industry.

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23 Feb 2021 Economy

Regulators join forces to protect people in the financial sector

The Equality and Human Rights Commission (EHRC) and Financial Conduct Authority (FCA) have signed a Memorandum of Understanding (MoU) to help protect people in financial service markets.

05 Feb 2021 Economy

Any further delay to the regulation of exploitative ‘buy now, pay later’ firms could be catastrophic

With millions now using these companies and the threat of further redundancies and difficulties on the horizon, regulation of the BNPL industry needs to happen in weeks not months.

02 Feb 2021 Economy

‘Buy Now Pay Later’ Lenders Klarna and Clearpay Are Facing A Government Crackdown After Harm Warnings

The government has announced a crackdown on ‘Buy Now Pay Later’ (BNPL) services such as Klarna and Clearpay that allowshoppers to pay for the purchase in interest-free installments.

04 Dec 2020 Brexit

Parliament must make sure it can properly scrutinise financial regulation post-Brexit

With the regulatory future of the UK's multibillion pound financial services industry still unclear post-Brexit, it is imperative that Parliament takes ownership of proper scrutiny

03 Dec 2020 Economy

The path to financial empowerment starts with financial inclusion

As Minister for Pensions and Financial Inclusion, I want people right across the country to be able to tap into, and seize the benefits, of greater financial access.

The average household is 24 days from the breadline - we must help people build financial resilience

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03 Dec 2020 Economy

The average household is 24 days from the breadline - we must help people build financial resilience

By helping people to exit financial exclusion and move to financial inclusion, we hope to reach our vision of inclusive capitalism.

17 Jun 2020 Coronavirus

Job insecurity is the biggest barrier to home ownership for the first time in a decade

Buyers state job insecurity as the biggest barrier to home ownership (65%) compared to 35% in March 2020), overtaking ‘raising a deposit’ (40%) for the first time in 10 years.

01 May 2020 Coronavirus

BSA comments on amended Lifetime ISA rules announced by the Economic Secretary to the Treasury

Following today’s announcement by the Economic Secretary to the Treasury to amend Lifetime ISA (LISA) rules to help those affected by coronavirus, Brian Morris, BSA Head of Savings Policy comments:

28 Apr 2020 Coronavirus

Lenders grant 1.6 million payment holidays to mortgage holders

Lenders have given over 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, UK Finance reveals today.

How are building societies responding to Covid-19

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22 Apr 2020 Coronavirus

How are building societies responding to Covid-19

Building societies and credit unions are working hard to serve their members at this time and to keep everyone safe.

20 Apr 2020 Coronavirus

BSA Conference rescheduled for 2021

The Building Societies Annual Conference will now take place on 5 & 6 May 2021 in Liverpool.

27 Mar 2020 Coronavirus

Lenders to give three month mortgage offer extension

To help home movers impacted by Covid-19, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date.

26 Mar 2020 Coronavirus

Rishi Sunak orders banks to help firms amid claims they are 'profiteering' from coronavirus crisis

Rishi Sunak has told banks they must do more to help firms on the brink of collapse because of the coronavirus pandemic, as MPs hit out at "profiteering" by financial giants.