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BSA appoints Skipton chief as chairman

David Cutter takes over with immediate effect.

The Building Societies Association has appointed Skipton Building Society chief executive David Cutter as chairman for 2013/14.

Cutter takes over from Hanley Economic Building Society chief executive David Webster with immediate effect.

Nationwide chief executive Graham Beale takes on the role of deputy chairman.

Cutter, a chartered accountant, joined Skipton as head of audit in 1993 and was appointed to the board in 2000. He became group chief executive in January 2009. 

Cutter says: “The year ahead will clearly bring challenges, whether in the form of the muted economic outlook for the UK, the remaining potential for back-wash from the eurozone or the ever growing financial services regulatory agenda. I am optimistic the sector will continue to rise to these and any other challenges as they come our way. 

As BSA chairman, I look forward to a year where we continue to reinforce the fact that building societies and other mutuals are very real challengers to the large Plc banks – we are open for business.”  


PIMS: HMRC U-turned over rebate tax decision

Standard Life says HM Revenue & Customs changed its mind about whether to tax platform rebates only six months after indicating it did not see them as taxable. Speaking at PIMS onboard the Aurora today, Standard Life head of platform propositions David Tiller said six months before deciding rebates were taxable, HMRC said they were not. […]


Apfa: Client visits should be driven by need not calendar

Apfa says advisers should rethink the frequency of client visits and consider moving to a model that is driven by client need “rather than the calendar”. Speaking at a Perspective roundtable in London last week, policy director Chris Hannant said the focus on advice services instead of product sales post-RDR will drive a change in […]


Steve Webb: Industry’s consultancy charging solutions were too complex

Pensions minister Steve Webb says the Government banned consultancy charging for auto-enrolment because the “compromise” solutions put forward by the industry would be too difficult to police. Last week, the Department for Work and Pensions confirmed its intention to ban the charging method for automatic enrolment schemes. A number of major providers, including Scottish Widows […]


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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