The Building Societies Association (BSA) is to increase its focus on the mortgage market.
In recent years the BSA has concentrated on matters including the savings market, corporate governance and TCF.
However, during the second half of 2008, seven new members are to be recruited in an attempt to fill the gap in the range of services which it offers to members.
It is expected the new recruits will represent the interests of building societies to regulators including the FSA, as well as to parliamentarians and the media.
John Goodfellow, chairman of the BSA, says: “This expansion of representation is a natural step for the BSA and will reinforce the standing of building societies in the financial sector.
“It will help to ensure that the differences between building societies and banks are more widely understood.”IFAonline
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