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BSA calls for tigher regulations for conversions

The Building Societies Association has called for the Treasury to tighten the regulations on demutualisation.

The BSA wants conversion motions to be passed only if there is a 50 per cent turn out and a 75 per cent vote in favour from both savers and mortgage borrowrs.

It made call in its evidence to the Treasury select committee inquiry into mutuality this week.


Pensions &#39Blue Book&#39 now available on disc

Pension information publication &#39Pension Funds and their Advisers 1999&#39 otherwise known as the &#39Blue Book&#39 is now available on CD-Rom.The CD-Rom will be available to subscribers of the book on a free 30-day trial basis. The cost after the trial period varies according to the status of the user, starting at £475 a year and […]

Leeds & Holbeck Building Society fixes for three years

Leeds & Holbeck Building Society is launching a three year fixed rate loan on July 8.The rate is fixed at 5.75 per cent until September 1, 2002, up to 95 per cent loan to value.The rate has no extended tie ins after the fixed period. But if redeemed during the fixed term, a penalty of […]

Free up to the minute stockmarket valuations available from the internet

UK investors will soon be able to get instant stockmarket prices at the touch of a button with the launch of a new internet site.The new site,, will provide investors with up to the minute details on stock prices a service previously restricted to subscriber channels only.The service which is to go live in […]


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