The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
The BBA has published a revised version of the cross-industry Cash ISA to Cash ISA Transfer Guidelines which were last updated in December 2012.
The revised Guidelines, which come into effect on 1 January 2017, reference the voluntary industry agreement on Cash ISA transfer performance, whereby BBA, BSA and TISA have agreed that from 2017 a minimum of 80% of transfers will be carried out within 7 working days.
The Cash ISA transfer process set out in the Guidelines reflects providers’ legal requirements to complete transfers within 15 working days.
The Guidelines also include:
The revised industry guidlines are available below.
These guidelines were updated in January 2017.
For further information, please contact: Press office (020 7216 8989) Press Office (Out of hours contact) (020 7216 8888)
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