List of PRA-Regulated Building Societies

Total Page:16

File Type:pdf, Size:1020Kb

List of PRA-Regulated Building Societies LIST OF BUILDING SOCIETIES AS COMPILED BY THE BANK OF ENGLAND AS AT 28th February 2019 (Amendments to the List of Building Societies since 31st January 2019 can be found below) Building Societies incorporated in the United Kingdom (based on PRA authorisation status) Bath Investment & Building Society Manchester Building Society Beverley Building Society Mansfield Building Society, The Buckinghamshire Building Society Market Harborough Building Society Marsden Building Society Cambridge Building Society Melton Mowbray Building Society Chorley and District Building Society, The Monmouthshire Building Society Coventry Building Society Cumberland Building Society National Counties Building Society Nationwide Building Society Darlington Building Society Newbury Building Society Dudley Building Society Newcastle Building Society Dunfermline Building Society (In Administration) Nottingham Building Society Earl Shilton Building Society Penrith Building Society Ecology Building Society Principality Building Society Progressive Building Society Furness Building Society Saffron Building Society Hanley Economic Building Society Scottish Building Society Harpenden Building Society Skipton Building Society Hinckley and Rugby Building Society Stafford Railway Building Society, The Swansea Building Society Ipswich Building Society Teachers' Building Society Leeds Building Society Tipton and Coseley Building Society Leek United Building Society Loughborough Building Society Vernon Building Society West Bromwich Building Society Yorkshire Building Society Notes: (a) In Building Society Special Administration. The Bank of England has announced on 30 March 2009 that core parts of Dunfermline Building Society have been transferred to Nationwide Building Society. The society's current PRA status is 'Authorised - In Administration' Amendments to the List of Building Societies since 31st January 2019 Building Societies incorporated in the United Kingdom (based on PRA authorisation status): 04/03/2019.
Recommended publications
  • Lender Panel List December 2019
    Threemo - Available Lender Panels (16/12/2019) Accord (YBS) Amber Homeloans (Skipton) Atom Bank of Ireland (Bristol & West) Bank of Scotland (Lloyds) Barclays Barnsley Building Society (YBS) Bath Building Society Beverley Building Society Birmingham Midshires (Lloyds Banking Group) Bristol & West (Bank of Ireland) Britannia (Co-op) Buckinghamshire Building Society Capital Home Loans Catholic Building Society (Chelsea) (YBS) Chelsea Building Society (YBS) Cheltenham and Gloucester Building Society (Lloyds) Chesham Building Society (Skipton) Cheshire Building Society (Nationwide) Clydesdale Bank part of Yorkshire Bank Co-operative Bank Derbyshire BS (Nationwide) Dunfermline Building Society (Nationwide) Earl Shilton Building Society Ecology Building Society First Direct (HSBC) First Trust Bank (Allied Irish Banks) Furness Building Society Giraffe (Bristol & West then Bank of Ireland UK ) Halifax (Lloyds) Handelsbanken Hanley Building Society Harpenden Building Society Holmesdale Building Society (Skipton) HSBC ING Direct (Barclays) Intelligent Finance (Lloyds) Ipswich Building Society Lambeth Building Society (Portman then Nationwide) Lloyds Bank Loughborough BS Manchester Building Society Mansfield Building Society Mars Capital Masthaven Bank Monmouthshire Building Society Mortgage Works (Nationwide BS) Nationwide Building Society NatWest Newbury Building Society Newcastle Building Society Norwich and Peterborough Building Society (YBS) Optimum Credit Ltd Penrith Building Society Platform (Co-op) Post Office (Bank of Ireland UK Ltd) Principality
    [Show full text]
  • Banking in Cark-In Cartmel
    An undated photograph produced by the firm of Woolfall & Eccles (later T M Alexander & Son), architects of the Midland Bank, 119, Station Rd. Cark in Cartmel1 Banking in Cark-in Cartmel In today's high street the bank is becoming a rarity and 2017 will see the closure of another branching the Cartmel Peninsula; the National Westminster Bank in Main Street, Grange over Sands.2The banks are leaving the small market town high street but in the late nineteenth and for the first half of the twentieth century they were part of the local landscape in not only market towns, but even villages and hamlets such as Cark in Cartmel. Until 1826, banks were essentially private merchant banks but the Bank Act of 1826 permitted joint stock banks of issue with unlimited liability to be established. The Lancaster Banking Co. was one such bank which was set up in 1826 and existed until 1907 when it was taken over. For over seventy years, the hamlet of Cark in Cartmel, Cumbria had three banks ; the Lancaster Banking Co. which according to the Bulmer's Directory of 19113 was located at Bank House, Station Rd. and opened initially on Fridays ; the York City and County Banking Co. which became 1 HSBC archives April 18th 2017 2 The Westmorland Gazette, Thursday, March 31st. 2017 3 Bulmer's Directory of 1911. the London and Joint Stock Bank Ltd. was also located at 119 Station Rd. ; and the Bank of Liverpool and Martin's Ltd. which was located opposite at 114 Station Rd. All three banks were characterised by the fact that the banking premises occupied only one room of the building that they occupied and in addition were staffed by one member of staff , which in the case of the Midland and Martin's banks was the bank manager from either the Ulverston or Grange branch.
    [Show full text]
  • West Midlands Fintech ECOSYSTEM REPORT 2020
    West Midlands FinTech ECOSYSTEM REPORT 2020 In partnership with © Whitecap Consulting Table of contents add region graphic West Midlands Ecosystem Summary 3 Forewords 5 Greater Birmingham & Solihull LEP 6 Whitecap Consulting 7 Innovate Finance 8 West Midlands FinTech Ecosystem Research 10 Introduction and approach 11 Definitions and Methodology 11 Overview 12 Research area: Findings And Recommendations 17 This report focuses primarily on the activity Availability Of Talent 20 in the geographical area covered by the Strength Of The Overall Financial Sector 22 West Midlands Combined Authority, which for the purposes of this report has been defined Strength Of The Overall Tech Sector 25 as the three LEP areas within the region Strength Of FinTech Startup/Scaleup Community 27 (Greater Birmingham & Solihull, Coventry Relationship between Startup/Scaleups & Established & Warwickshire, and Black Country). It 29 Financial Sector uses economic data from this region, supplemented by our own primary research. Funding For FinTech 32 Physical Spaces/Hubs 35 Interaction And Communication Between Key Players 37 Press & Media 38 This report was commissioned by GBSLEP on behalf of the three LEPs in the West Midlands The Role Of Universities 41 conurbation and the West Midlands Combined Authority. Participating Organisations 43 1 © Whitecap Consulting Published May 2020 WEST MIDLANDS FINTECH ECOSYSTEM - SUMMARY 2 © Whitecap Consulting 1 West Midlands FinTech Ecosystem Summary 2020 West Midlands region FinTech sector FinTech startups & scaleups established
    [Show full text]
  • Low-Impact Living Initiative
    building societies what are they? They’re mutual institutions offering savings accounts and mortgages, and occasionally current accounts. This is all they provide. They are simple beasts compared to banks, and their mutual nature means that they are owned by their members, and are not listed on stock exchanges and owned by shareholders. They’re similar to co- operatives, but, from Wikipedia: ‘unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through The sign on the Penrith Building Society (the their customer relationship.’ smallest in the UK) says it all: ‘Every man his History: the first building society was formed in own landlord’ (well, all apart from the fact that 1775, by Richard Ketley, proprietor of the Golden they left out half the population). Cross pub in Snow Hill, Birmingham. At the time, publicans encouraged meetings of working men in Demutualisation: many building societies were their pubs in order to sell more beer! Lots of ‘demutualised’, starting in the 1980s, after trades unions and friendly societies were formed deregulation allowed mutual societies to become in pubs. This society was quickly followed by banks with shareholders, or to merge with existing others in Birmingham, then Dudley, Rowley Regis banks. Members were offered incentives in the and other places in the Midlands, North and form of cash payments or shares. The first mutual Scotland. Members of early societies like this paid society to be demutualised was Abbey National, money into a pot, and when there was enough, followed by famous names such as Alliance and one member’s name was drawn by lot and the Leicester and Northern Rock.
    [Show full text]
  • Rathbone Ethical Bond Fund Annual Report for the Year Ended 30 September 2020
    Rathbone Ethical Bond Fund Annual report for the year ended 30 September 2020 Rathbone Ethical Bond Fund Annual Report 2020 ii Rathbone Ethical Bond Fund Authorised Fund Manager (the Manager) Directors of the Manager Rathbone Unit Trust Management Limited RP Stockton — Chairman 8 Finsbury Circus MM Webb — Chief Executive Officer London EC2M 7AZ JR Chillingworth — Chief Investment Officer Telephone 020 7399 0399 JM Ardouin — Finance Director Facsimile 020 7399 0057 MS Warren — Non-Executive Director A member of the Rathbone Group J Lowe — Non-Executive Director Authorised and regulated by the Financial Conduct Authority and member of The Investment Association Administrator HSBC Securities Services Dealing office 1-2 Lochside Way Edinburgh Park SS&C Financial Services Europe Limited Edinburgh EH12 9DT SS&C House Authorised and regulated by the St Nicholas Lane Financial Conduct Authority Basildon Essex SS15 5FS Telephone 0330 123 3810 Trustee Facsimile 0330 123 3812 NatWest Trustee and Depositary Services Limited 250 Bishopsgate Registrar London EC2M 4AA Authorised and regulated by the SS&C Financial Services International Limited Financial Conduct Authority SS&C House St Nicholas Lane Basildon Essex SS15 5FS Telephone 0330 123 3810 Facsimile 0330 123 3812 Authorised and regulated by the Financial Conduct Authority Independent Auditor Deloitte LLP Statutory Auditor 110 Queen Street Glasgow G1 3BX Rathbone Ethical Bond Fund Annual Report 2020 1 Manager’s report for the year ended 30 September 2020 In the 12 months ended 30 September 2020, our bought between mid-March and the end of June, it fund rose 5.02%, compared with the IA Sterling accounts for more than 80% of the gilts issued over Corporate Bond sector’s return of 4.21%.
    [Show full text]
  • Members' Review
    Make your MEMBERS’ vote count See inside REVIEW for details & Summary Financial Statement 2020 Always with your interest at heart FURNESS BUILDING SOCIETY MEMBERS’ REVIEW & SUMMARY FINANCIAL STATEMENT 2020 3 CONTENTS Performance Summary 4 Welcome from our Chief Executive 6 Directors’ Report 8-23 Strategic Review 8 Business Review 9-14 Risk Review 15-20 Our People and Members 21-22 The Year Ahead 23 Directors’ Remuneration Report 24-27 Team Biographies 28-30 Independent Auditor’s Statement 31-32 Notice of Annual General Meeting 2021 33 Summary Financial Statement 34-35 WWW.FURNESSSBS.CO.UK 4 PERFORMANCE SUMMARY Financial Strength Profit before tax Total Capital Ratio 22.06% 21.24% £4.11m 20.98% 20.25% 19.23% £3.74m £2.99m £2.35m £1.10m 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Business Summary Retail Share and Deposit Balances Mortgage Balances £1,013.39m £911.10m £920.43m £915.49m £882.49m £824.41m £818.94m £763.68m £738.70m £696.29m 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 FURNESS BUILDING SOCIETY MEMBERS’ REVIEW & SUMMARY FINANCIAL STATEMENT 2020 5 WWW.FURNESSSBS.CO.UK 6 Welcome from our Chief Executive Dear Member, In the remarkable year which also saw us reach the end of the Brexit transitional Let me begin by sending period on 31 December 2020, we’ve sincere regards to all also continued to support local charities, our members after community groups and food banks. what has been an This includes £198,000 in affinity accounts incredibly difficult year payments on your behalf, of which for everybody.
    [Show full text]
  • Full Proposal for Establishing a New Unitary Authority for Barrow, Lancaster and South Lakeland
    Full proposal for establishing a new unitary authority for Barrow, Lancaster and South Lakeland December 2020 The Bay Council and North Cumbria Council Proposal by Barrow Borough Council, Lancaster City Council and South Lakeland District Council Foreword Dear Secretary of State, Our proposals for unitary local government in the Bay would build on existing momentum and the excellent working relationships already in place across the three district Councils in the Bay area. Together, we can help you deliver a sustainable and resilient local government solution in this area that delivers priority services and empowers communities. In line with your invitation, and statutory guidance, we are submitting a Type C proposal for the Bay area which comprises the geographies of Barrow, Lancaster Cllr Ann Thomson Sam Plum and South Lakeland councils and the respective areas of the county councils of Leader of the Council Chief Executive Cumbria and Lancashire. This is a credible geography, home to nearly 320,000 Barrow Borough Council Barrow Borough Council people, most of whom live and work in the area we represent. Having taken into account the impact of our proposal on other local boundaries and geographies, we believe creating The Bay Council makes a unitary local settlement for the remainder of Cumbria more viable and supports consideration of future options in Lancashire. Partners, particularly the health service would welcome alignment with their footprint and even stronger partnership working. Initial discussions with the Police and Crime Commissioners, Chief Officers and lead member for Fire and Cllr Dr Erica Lewis Kieran Keane Rescue did not identify any insurmountable barriers, whilst recognising the need Leader of the Council Chief Executive for further consultation.
    [Show full text]
  • Lenders Who Have Signed up to the Agreement
    Lenders who have signed up to the agreement A list of the lenders who have committed to the voluntary agreement can be found below. This list includes parent and related brands within each group. It excludes lifetime and pure buy-to-let providers. We expect more lenders to commit over the coming months. 1. Accord Mortgage 43. Newcastle Building Society 2. Aldermore 44. Nottingham Building Society 3. Bank of Ireland UK PLC 45. Norwich & Peterborough BS 4. Bank of Scotland 46. One Savings Bank Plc 5. Barclays UK plc 47. Penrith Building Society 6. Barnsley Building Society 48. Platform 7. Bath BS 49. Principality Building Society 8. Beverley Building Society 50. Progressive Building Society 9. Britannia 51. RBS plc 10. Buckinghamshire BS 52. Saffron Building Society 11. Cambridge Building Society 53. Santander UK Plc 12. Chelsea Building Society 54. Scottish Building Society 13. Chorley Building Society 55. Scottish Widows Bank 14. Clydesdale Bank 56. Skipton Building Society 15. The Co-operative Bank plc 57. Stafford Railway Building Society 16. Coventry Building Society 58. Teachers Building Society 17. Cumberland BS 59. Tesco Bank 18. Danske Bank 60. Tipton & Coseley Building Society 19. Darlington Building Society 61. Trustee Savings Bank 20. Direct Line 62. Ulster Bank 21. Dudley Building Society 63. Vernon Building Society 22. Earl Shilton Building Society 64. Virgin Money Holdings (UK) plc 23. Family Building Society 65. West Bromwich Building Society 24. First Direct 66. Yorkshire Bank 25. Furness Building Society 67. Yorkshire Building Society 26. Halifax 27. Hanley Economic Building Society 28. Hinckley & Rugby Building Society 29. HSBC plc 30.
    [Show full text]
  • Basic Information About the Protection of Your Eligible Deposits
    Basic information about the protection of your eligible deposits Eligible deposits in the Vernon Building Society The Financial Services Compensation Scheme are protected by (“FSCS”) 1 £85,000 per depositor per bank / building Limit of protection: society / credit union2 All your eligible deposits at the same bank / If you have more eligible deposits at the same bank building society / credit union are “aggregated” / building society / credit union: and the total is subject to the limit of £85,0002 The limit of £85,000 applies to each If you have a joint account with other person(s): depositor separately3 Reimbursement period in case of bank, 10 working days4 building society or credit union’s failure: Pound sterling (GBP, £) or for branches of UK Currency of reimbursement: banks operating in other EEA Member States, the currency of that State. To contact the Vernon Building Society for Vernon Building Society, enquiries relating to your account: 19 St Petersgate Stockport Cheshire SK1 1HF Tel: 0161 429 6262 To contact the FSCS for further Financial Services Compensation Scheme, information on compensation: 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU Tel: 0800 678 1100 or 0207 741 4100 Email: [email protected] More information: http://www.fscs.org.uk Additional Information (all or some of the below) 1 Scheme responsible for the protection of your eligible deposit Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to £85,000 by the Deposit Guarantee Scheme.
    [Show full text]
  • A Manifesto for Financial Mutuals
    A manifesto for financial mutuals financialmutuals.org | bsa.org.uk financialmutuals.org | bsa.org.uk 2 What we are asking from the political parties and the next government recognition of the value of mutuals, demonstrated by a requirement placed on the regulators to set regulation which is appropriate and proportionate for different organisational forms extend the requirements on the regulators to carry out their statutory competition duty to include specific consideration of the impact of regulation on fostering diversity of financial services providers the removal of the restrictive barriers to raising mutual capital, making it easier to run and to set up new financial mutuals such as building societies, friendly societies and community banks a policy on lowering the barriers to entry for new financial mutuals to complement the regulation already in place to facilitate new plcs and privately owned challenger banks more joined-up thinking in terms of policies to promote mutuals and to coordinate government policies and initiatives in housing financialmutuals.org | bsa.org.uk 3 Introduction __________________ This structural difference matters This Manifesto for Financial Mutuals It is reflected day to day in the brings together proposals from the operational decisions taken and the Building Societies Association (BSA) and experience and outcomes for individual the Association of Financial Mutuals customers. However it is not generally (AFM), which are designed to help the reflected by policy-makers and regulators, next government to deliver: who appear to be fixated on a one size fits all approach based on the plc model - this a fair deal for consumers imbalance tends to favour plcs, is a level playing field for financial damaging to mutual firms themselves and mutuals hampers their ability to deliver sustainable value for consumers and a rational approach by regulators to communities.
    [Show full text]
  • Draft-Minutes-17-June-2019-2
    Unit 1,Church House, 19-24 Friargate, Penrith, Cumbria, CA11 7XR Tel: 01768 899773 Email: [email protected] Draft Minutes of the meeting of the: FINANCE COMMITTEE Held on Monday 17 June 2019 6.00pm – 8.00pm Board Room, Penrith Town Council Office, Unit 1, Church House, 19-24 Friargate. PRESENT: Cllr. Burgin Cllr. Bowen Cllr. Hawkins Cllr. Jackson Services & Contracts Manager Responsible Finance Officer Finance Committee/ 17 June 2019/ Penrith Town Council / Page 1 PENRITH TOWN COUNCIL MINUTES FINANCE COMMITTEE 17 JUNE 2019 FIN.COM.19/01 Apologies for Absence Apologies for absence were received from Councillor Shepherd and Councillor Kenyon. FIN.COM.19/02 Appointment of Vice Chairman Members considered and voted for the appointment of the Vice Chairman of the Finance Committee. Moved, seconded and RESOLVED THAT: Councillor Bowen be appointed Vice Chairman for the municipal year 2019-20. FIN.COM.19/03 Declaration of Interests and Dispensations Members were asked to disclose their interests in matters to be discussed and to decide requests for dispensations. None recorded. FIN.COM.19/04 Public Participation No members of the public had requested in writing to speak prior to the meeting. FIN.COM.19/05 Public Bodies (Admission to Meetings) Act 1960 Members considered whether any items should be considered without the presence of the press and public, pursuant to the Public Bodies (Admission to Meetings) Act 1960 Section 2. RESOLVED THAT: Items 16,17,18 be considered without the presence of the press and public as all three matters involve the disclosure of exempt information as defined in paragraph 3 of Part 1 to Schedule 12A of the Local Government Act 1972, containing information relating to the financial or business affairs of any particular person.
    [Show full text]
  • All-Party Parliamentary Group on Social Tourism
    How can mutuals raise capital without destroying the mutual principle? The All-Party Parliamentary Group for Mutuals Report of Short Inquiry Published September 2014 Statement from the All-Party Parliamentary Group for Mutuals The purpose of the Group is to discuss and support all mutual forms of business. This Short Inquiry Report was authored by Peter Hunt of Mutuo, following two special hearings conducted by the All Party Group. It has been produced in the interest of furthering the general understanding of the issues raised and facilitating a contribution from Parliamentarians. Mutuo has not been paid to produce this Report; the cost of the inquiry transcripts and printing the Report is charged to the All Party Parliamentary Group. Mutuo acts as administrative secretary to the Group, for which it is paid a fee of approximately £9,000 per annum. Contact: Mutuo Administrative Secretary to the Group [email protected] 2 Contents 1. The All-Party Parliamentary Group for Mutuals Panel 4 2. Terms of Reference for the short inquiry 4 3. Introduction - Jonathan Evans MP 5 4. Summary Recommendations 7 5. Inquiry Report 9 3 1. The All-Party Parliamentary Group for Mutuals Panel The All-Party Parliamentary Group for Mutuals has Members from both Houses of Parliament. The Purpose of the Group is to discuss and support mutuals. Listed below are all the Members who participated in the hearings. Hearing 1 February 2014 Jonathan Evans MP – Chair Cardiff North Adrian Bailey MP West Bromwich West Steve Baker MP Wycombe Jim Dobbin MP (deceased) Heywood and Middleton Ian Lucas MP Wrexham Andrew Love MP Edmonton Lord Gordon of Strathblane Rt Hon Lord Hunt of Wirral Baroness Maddock Rt Hon Lord Naseby Hearing 2 April 2014 Jonathan Evans MP – Chair Cardiff North Steve Baker MP Wycombe Michael Connarty MP Linlithgow and East Falkirk Mark Durkan MP Foyle Cathy Jamieson MP Kilmarnock and Loudon Chris Leslie MP Nottingham East Andrew Love MP Edmonton Gareth Thomas MP Harrow West 2.
    [Show full text]