Sunny

Sunny

max temp: 27°C

min temp: 13°C

ESTD 1874 Search

East Anglia: Ipswich Building Society urges MPs and MEPs to focus on role of mutuals

06:00 16 March 2014

Ipswich Building Society chief executive Paul Winter.

Ipswich Building Society chief executive Paul Winter.

Archant

Ipswich Building Society, Cambridge Building Society and the Building Societies Association are teaming up to host a political discussion on how EU and UK laws affect the sector.

shares

The event, at Downing College, Cambridge, on March 28, will also see MPs, MEPs and candidates consider the role played by building societies in their local communities.

A focus for discussion will be how building societies offer a very different proposition to larger shareholder-owned financial services companies, as well as having a different approach to the communities in which they operate in.

The event will showcase how Ipswich Building Society has contributed to the economic and social wellbeing in its region.

The society’s 2013 results revealed a financially healthy mutual, active in its local communities, with balance sheet growth of 4.3% and increased total profits as well as staff volunteering reaching 323 hours and 372 hours of financial education sessions for local schools.

Paul Winter, chief executive at Ipswich Building Society, said: “I’m delighted to join forces with the Cambridge Building Society at this event.

“Building societies such as ours are the challengers to the larger banks in the financial services sector. With the right regulatory and government environment we can offer diversity in the sector through competition.

“We strongly believe a business is only as healthy as the communities in which it operates in, which is why it is so important that businesses take an active role in the communities they serve.”

shares

0 comments

Dame Fiona Kendrick:, chief executive of Nestlé  UK & Ireland

Food giant Nestlé has announced plans to close its defined benefit pension scheme, sparking the threat of industrial action.

The Treasury has sold another 1% stake in Lloyds Banking Group.

The taxpayers’ stake in Lloyds Banking Group has fallen to below 16% after the Government sold off another tranche of shares.

The installation of solar panels on the roof of Precision Marketing Group's premises in Lamdin Road, Bury St Edmunds

A Suffolk-based firm will be among the organisations taking part in a nation-wide celebration of solar energy tomorrow.

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Growth in manufacturing eased last month  to its slowest level in two years.

Britain’s manufacturing sector grew at its slowest pace in more than two years last month, impacted by subdued demand from Europe.

Speedy Hire
 has warned that its results for this year will come in

Tool rental business Speedy Hire saw nearly a third of its stock market value wiped off after it announced the shock departure of its chief executive and warned over a major blow to full year profits.

Greene King chief executive Rooney Anand.

Pubs and brewing group Greene King today posted another year of record revenues, with sales within its key Retail division topping £1billion for the first time.

Suffolk Coastal considers convenience store bid

Planning chiefs have responded to concerns about noise and antisocial behaviour arising from proposals for a new convenience store in Kesgrave by insisting on closing times being brought forward an hour and the installation of a barrier to restrict overnight parking.

Tim Dunford, managing director and master brewer at the Green Jack Brewery, third from left, with Beer for Summer judges Mark Dorber, left, and Charlie McVeigh of The Draft House, right, and Peter Gordon, on trade director of Budweiser Budvar.

A Suffolk brewing company is celebrating after winning a new national “Beer for Summer” competition.

Most read

Most commented

Topic pages