June 2016 – Last week Skipton Building Society offered a five year cash ISA with an interest rate of just 2.01% thus just beating “Your” Nationwide Building Society’s measly offering of 2% by a whisker. Analysts have said that building societies are doing just the minimum for their saver members. In 2011 an interest rate…
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May 2016 – The gravy train rolls on as usual for directors while savers interest rates continue to be cut. Thisismoney reports on the ever increasing amounts of members money that directors of some building societies continue to take even though profits have fallen. From 31 building society annual reports produced so far this year…
May 2016 – Andrew Bailey a Bank of England executive who will be in charge of the Financial Conduct Authority after June this year said, at the City week conference, “Today, the public perception of banking and some other areas of finance, remains too much towards the exploitative ‘greed is good’ end of the spectrum.”…
April 2016 – The Manchester Building Society has released an update on its previous announcement to say that its annual accounts will be issued shortly. Manchester Building Society Announcement Telegraph Report . .
April 2016 – Britain’s biggest banks and building societies have pledged to reform the way they treat bereaved customers. Money Mail called on financial firms to drastically improve the way they treat grieving families – new guidance is launched today setting out how banks and building societies must help customers who are reporting a death….
March 2016 – Following its troubles with accountancy firm Grant Thornton, this building society continues to have problems with its accounts and its future is looking bleak. This report suggests that the Manchester Building Society is already seeking out sources of help from other building societies. Manchester Building Society Announcement
March 2016 – If you are a member of this building society please give your support to a member who is seeking to stand as a candidate for the board at the next AGM. Philip Davis, a retired company director, needs to obtain 250 members’ signatures in order to put his name forward for election….
March 2016 – If you are a member of the West Bromwich Building Society please give your support to a member who is seeking to stand as a candidate for the board at the next AGM. Simon Johnson, a retired 54 year old company director, needs to obtain 250 signatures in order to put his…
December 2015 – The Guardian reports on insurance rip-off charges at this building society. A buildings insurance policy at “Your” Nationwide was quoted at £1,100 compared with £300 elsewhere. Another quote of over £1000 at “Your” Nationwide did not compare with Churchill at £382. An insurance claim for £3850 resulted in a reimbursement of £400…
December 2015 – The Financial Conduct Authority has published a ‘name-and-shame’ list of banks and building societies offering very low interest rates, with some giving savers returns of just 0.01% (1 penny per year on £10,000) and highlights the way that savings accounts interest rates have been cut. A similar list will be published every six months. The report…