View more on these topics

BSA elects new chairman


The Building Societies Association has elected Bath Building Society chief executive Dick Jenkins as its new chairman.

Jenkins replaces Skipton Building Society chief executive David Cutter, who held the role for two and a half years.

Yorkshire Building Society chief executive Chris Pilling has also been named deputy chairman of the trade body.

Jenkins says: “We have had a lot of wins over the past months and the sector continues to provide competition and choice to consumers looking for an alternative on the high street. One of the reasons for this is because of the excellent story we have about customer service and satisfaction, product development and innovation. This is good news, but our primary objective has always been to meet – and surpass – the ever-evolving needs of our members.  If we continue to do this, then we are on to a winner.

“My focus this year is to continue the admirable work that David Cutter has done to champion the sector – locally, nationally and in Europe. In terms of niche and non-standard lending, financial education, talent development and the customer experience we are strong.

“What I need to do now is to ensure that this work can continue. There is always more we can do, but we also need good regulatory and parliamentary support so that we are fully equipped to tackle the challenges ahead.”



Malcolm McLean: Get ready for contracting-out fallout

Bringing in big changes to pensions is often not quite as easy as it first seems. Rarely is it possible to make a complete break with the past in setting the direction for the future, and there are usually complicated transitional stages to get through before the old is fully replaced by the new. That […]


HMRC withholds data on pension freedoms fines

HMRC is refusing to say how many people have broken new pensions reporting rules or how much it has collected in fines. A Freedom of Information request lodged with the tax office – and seen by Money Marketing – was blocked because the information “could be used by opportunistic individuals to undermine HMRC’s processes in […]


Footballers in misselling claim over £100m film investments

Two financial advisers are in the spotlight after reports they earned more than £5m from recommending film scheme investments worth a total of £100m to some of the biggest names in British football. The Sunday Times reports that David McKee and Kevin McMenamin of Kingsbridge Asset Management invested almost £400m of their client’s money over […]


MPs launch auto-enrolment probe

Parliament’s public spending watchdog the Public Accounts Committee has launched an investigation into the impact of auto-enrolment. The committee will investigate the risks to smaller employers of the further rollout of auto-enrolment, as well as questioning how the Department for Work and Pensions will ensure that auto-enrolment will lead to higher retirement incomes. The full […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment