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BSA appoints David Webster as new chairman

The Building Societies Association has appointed Hanley Economic Building Society chief executive David Webster as its new chairman for the next year.

Webster replaces Principality Building Society chief executive Peter Griffiths, who has held the post for the last year.

Skipton Building Society chief executive David Cutter has been appointed the trade body’s deputy chairman.

Webster says: “This next year will clearly be a challenging one with uncertainties such as the fate of the Euro still hanging in the balance.  That said, mutuals have made a good start to the year bucking the lending trend for the sector as a whole and filling the gap that is being left by the retrenchment of some of the big banks.  

“Our ability to continue to do this would be helped, were the regulator and government to align their currently conflicting agendas of prudence with regulation and lend and grow.”


Osborne to set out bank reform plans

Chancellor George Osborne will set out plans for structural reform of the banking sector in line with the recommendations of the Independent Commission on Banking in his Mansion House speech next month. The Treasury is expected to publish a white paper before Osborne’s speech on June 14. The ICB’s final report, published in September, calls […]


L&G interview: The fixed-term annuity is not a good product for consumers

Legal & General is warning that fixed-term annuities could create a misselling scandal and has hit out at rival providers’ price-matching tactics. In an interview with Money Marketing, group executive director for protection and annuities John Pollock delivers a withering assessment of fixed-term annuity products, which are currently proving popular with advisers. The fixed-term annuity […]

Adviser business forecast to fall in focus on RDR

Legal & General predicts reduced adviser activity for the rest of the year and into 2013 as advisers focus on RDR business transformation. Chief executive Tim Breedon says the firm will be focused on growing its workplace proposition and increasing its building society tie-ups. It already has partnerships with Nationwide, Bradford & Bingley and Yorkshire. […]


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  1. I agree but it would help if the politicians and banks understood anything about the “laws” of secured lending – they don’t – andrew carneghie must be rolling in his grave.

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