Nationwide TV ads starring Dominic West banned as misleading – The Guardian

Posted April 3rd, 2024 in advertising, banking, building societies, complaints, news, ombudsmen by tracey

‘Adverts featuring the actor Dominic West as a sneering bank manager will be pulled from TV in their current form after the advertising watchdog ruled they were misleading because they wrongly suggest that the building society had not closed branches.’

Full Story

The Guardian, 3rd April 2024

Source: www.theguardian.com

Professional advisers beware – check the terms of your engagement – Practical Law: Construction Blog

Posted August 27th, 2021 in auditors, building societies, law firms, limitations, negligence, news by tracey

‘The scope of duty and the extent of liability of professional advisers are two hotly contested issues at the core of many a dispute between professional advisers and their clients in negligence claims.’

Full Story

Practical Law: Construction Blog, 24th August 2021

Source: constructionblog.practicallaw.com

Supreme Court clarifies duty test in Grant Thornton ruling – Law Society’s Gazette

‘The Supreme Court has backed a building society’s claim against its former auditor, in a ruling that provides a “more generous” test for the duty of care owed by professional advisers.’

Full Story

Law Society's Gazette, 18th June 2021

Source: www.lawgazette.co.uk

Lydia Banerjee Writes “The Professional Obligations Owed By Auditors Have Been Under The Spot Light in Two Recent Case” – Littleton Chambers

Posted February 19th, 2019 in appeals, auditors, building societies, mortgages, negligence, news by sally

‘On 30 January 2019 the Court of Appeal gave their judgment in the case of Manchester Building Society v Grant Thornton UK LLP [2019] EWCA Civ 40. The following day judgment was handed down by the Honourable Mr Justice Bryan in AssetCo Plc v Grant Thornton UK LLP [2019] EWHC 150.’

Full Story

Littleton Chambers, 14th February 2019

Source: www.littletonchambers.com

SAAMCO revisited: information, advice and assumption of responsibility – Hardwicke Chambers

Posted February 19th, 2019 in appeals, auditors, building societies, mortgages, negligence, news by sally

‘In Manchester Building Society v Grant Thornton UK LLP [2019] EWCA Civ 40, the Court of Appeal yet again had to consider the application of the SAAMCO principle. Perhaps most significantly, the decision underlines the need to distinguish between ‘information’ and ‘advice’ cases when assessing the extent of a defendant’s liability for professional negligence.’

Full Story

Hardwicke Chambers, 14th February 2019

Source: hardwicke.co.uk

Man who torched dream home after row with building society is jailed – The Guardian

Posted April 11th, 2017 in arson, building societies, mortgages, news, sentencing by sally

‘A man who set fire to his dream rural retreat after a bitter dispute with a building society was found strumming a guitar and cooking on a barbecue next to the burning building by firefighters who arrived to help.’

Full story

The Guardian, 10th April 2017

Source: www.guardian.co.uk

Co-operative and Community Benefit Societies and Credit Unions Act 2010

Posted March 19th, 2010 in building societies, credit unions, legislation by sally

Co-operative and Community Benefit Societies and Credit Unions Act 2010 published

Full text of Act (PDF)

Source: www.opsi.gov.uk

Building Societies (Funding) and Mutual Societies (Transfers) Act 2007

Posted November 6th, 2007 in building societies, legislation by sally

Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 published.

Full text of Act

Source: www.opsi.gov.uk