BSA welcomes the Treasury’s simple products consultation document
Commenting on the publication of the Treasury's simple products consultation document, Adrian Coles, Director-General of the BSA said:
"We have been pleased to participate in this initiative and welcome the publication of the consultation document today. This moves the market one step closer to a small range of kite-marked and directly comparable products. A number of key questions remain however, not least whether there is a viable consumer market for such a product set. Our next step is to consult with our members and listen to the views of others. "
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Contact:
Victoria Bamber
Tel: 020 7520 5927
Email: Victoria.bamber@bsa.org.uk
Notes for Editors:
1. The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 47 UK building societies. Mutual lenders and deposit takers have more than 32million customers, total assets of over £375 billion and, together with their subsidiaries, hold residential mortgages of nearly £240 billion, 19% of the total outstanding in the UK. They hold more than £250 billion of retail deposits, accounting for 22% of all such deposits in the UK. Mutual deposit takers account for 34% of cash ISA balances. They employ approximately 50,000 full and part-time staff and operate through approximately 2,000 branches.
2. Photographs of Adrian Coles are available from the BSA press office, or from the Association's website at www.bsa.org.uk or Headlinemoney www.headlinemoney.co.uk
3. Follow the BSA on Twitter @BSABuildingSocs
Katie Wise
Policy and External Affairs Officer
Building Societies Association
6th Floor, York House
23 Kingsway
London
WC2B 6UJ
Tel: 020 7520 5904
Email: katie.wise@bsa.org.uk
Web: www.bsa.org.uk
Twitter: @BSABuildingSocs
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