News

Savings for life

The Money and Pensions Service (MPS) estimates that 10.7 million adults in the UK don’t save regularly, and 11.5 million have less than £100 in savings to fall back on. These figures illustrate...

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The bank of the future isn't a bank at all

In 2016 I published a blog post on the Monzo website titled: The bank of the future will be a marketplace. I say Monzo, but in fact we were still called Mondo then. Since that post, we’ve changed...

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What is 'normal' monetary policy?

“She had many opinions but taken together they did not add up to a point of view”. - V. S. Naipaul, Guerrillas, 1975. He could have been writing about the Bank of England. On 5th March 2009 the...

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The times they are a changing: Andrew Sentance and Dick Jenkins talk Brexit and Bob Dylan

Former university bandmates ex-MPC member Andrew Sentance and 2015-17 BSA Chairman Dick Jenkins reunited on stage for the opening session of the BSA Annual Conference in London. They resisted...

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What lies ahead for UK business?

  A number of speakers at the Building Societies Annual Conference in May 2017 had referred to building societies having an important social role that went beyond merely providing services to...

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Applying Continuous Improvement to a UK building society

We interviewed Dean Williams, Head of Continuous Improvement and Operations Change, Principality Building Society ahead of his presentation to the BSA conference in May. Streamlining systems and...

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The Brave New World of cheques is almost upon us

As the payments industry boils itself into a frenzy around Fintech, Regtech, and innovation hubs, bubbles and incubators, the ‘good old dependable cheque’ finally gets the new lease of life that...

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Long termism in an accelerating world - and what it means for building societies

  At a recent NEDs dinner, I asked what timeframe they thought long term planning should encompass. Immediate responses were about the typical three-to-five-year business planning horizon, which...

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Building society, nationwide

Nationwide Chief Executive, Joe Garner, discusses why the society is taking inspiration from its roots to determine and plan its future.

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Standing out for the right reasons - building society, and proud of it!

Earlier in the year I wrote about the Summer of 2016 being a period that future generations would study in their history lessons. As events have continued to unfold during the Autumn, it continues...

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