East Anglia: Ipswich Building Society urges MPs and MEPs to focus on role of mutuals
- Credit: 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.
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.
You may also want to watch:
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.
- 1 Ipswich U18s fall to second-half Liverpool goals - how the FA Youth Cup semi-final unfolded....
- 2 Mum-of-four with 'beautiful soul' dies after collapsing in the street
- 3 'Beautiful inside and out': Tragedy as mum dies 48 hours after giving birth
- 4 Steam locomotive back in Suffolk for anniversary trips
- 5 Former judge's widow on trial for sex abuse of young boy in 1980s
- 6 'I loved my time here... I should have stayed' - Former loanee Jeffers back with Town in coaching role
- 7 Stuart Watson's Verdict: Judge Chambers and Skuse's legacy by what their peers said
- 8 'The manager has to impose his will... we'll give him the resources to do that' - Detmer on Cook's transfer funds
- 9 Woman taken to hospital after being hit by car
- 10 'Larger-than-life' Ipswich drama teacher Gloria Henshall dies
“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.”