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In order to deter carpetbaggers and protect genuine investors, many societies have introduced a charitable assignment clause to application forms for new savings accounts. This means that, for a specified period of time, or in some cases indefinitely, any possible windfalls the member may receive through conversion to plc status would go to a charity chosen by the building society.
BUILDING SOCIETY LENDING STEADY, BUT REMAINS DEPRESSED
29.06.2009
HOME BUYER CONFIDENCE INCREASES
17.06.2009
BSA welcomes FSA’s positive approach to building societies in its plans for a new sourcebook
05.06.2009
BSA welcomes FSA’s proposal to extend separate deposit protection limits
04.06.2009
Does new capital compromise mutuality?
June 2009
BSA Annual Conference round up
May 2009
What will the mortgage of 2020 look like?
April 2009
Job market pessimism dents housing market optimism
March 2009
Building societies at the heart of their communities
February 2009
Building societies outshine rivals on mortgage service
January 2009
Building societies outshine rivals on mortgage service
December 2008