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N&P chief Bullock is new BSA chairman

Norwich and Peterborough Building Society chief executive Matthew Bullock has been elected chairman of the Building Societies Association.

He replaces Nationwide Building Society chief executive Philip Williamson, who has held the post for the past year.

Before becoming chief executive of N&P in 1999, Bullock had a broad banking career.

Yorkshire Building Society chief executive Ian Cornish has taken over as deputy chairman from Bullock for the year.

Bullock says: “I look forward to an interesting year. The impacts of Basel II and of the FSA’s drive towards principle-based regulation will require much fresh thinking on the structure of the mortgage market and on a new compliance architecture. Key elements in the latter will be defining consumers’, distributors’ and producers’ responsibilities in investment and lending markets; defining evidential provision in individual cases of complaint and in enforcement, and achieving all this in a way that lowers the costs of regulation. The contribution of mutual building societies to these debates will be important.”

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.

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