News

Charter Savings Bank named one of the UK’s most inspiring companies

12 May 2017

Charter Court Financial Services Limited (CCFS), the owner of Charter Savings Bank, has been named as one of the UK’s most inspiring companies in an influential report which showcases the country’s most dynamic businesses.

The Wolverhampton-based financial services company has been included in the London Stock Exchange Group’s 1,000 Companies to Inspire Britain 2017 report.

The report features small and medium-sized companies from more than 40 sectors which have demonstrated positive growth in revenue and strong performance in their areas of expertise.

Founded in 2008, it is the first time CCFS has been included in the report, and comes just months after it was ranked, for the second year running, in The Sunday Times 100 Best Companies to Work For. CCFS was named the third best company to work for in 2017, after featuring tenth on the list in 2016.

CCFS employs more than 450 people. It offers savings products which regularly feature at the top of the best buy tables, and is a top 20 UK mortgage lender.

Ian Lonergan, CEO of CCFS, commented: “We’re delighted to be named one of the London Stock Exchange Group’s 1,000 Companies to Inspire Britain 2017.

“To achieve recognition in such a prestigious publication less than 10 years after the company was founded is testament to the hard work and dedication everyone who works for the business has put in.”

Xavier Rolet, Chief Executive of the London Stock Exchange Group, highlighted CCFS as an example of how London’s dominance is being challenged by the West Midlands and other regions.

“CCFS is a successful specialist bank that is growing rapidly and has created more than 450 jobs in a sector which is traditionally associated with the Square Mile in the City of London,” he said.

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Wolverhampton firm tops Sunday Times list

10 March 2017

Charter Court Financial Services (CCFS) has been ranked third in The Sunday Times 100 Best Companies to Work For 2017.

CCFS employs more than 450 people at its headquarters in Wolverhampton. It offers an award-winning range of mortgages, and savings products which regularly feature at the top of the best buy tables.

The Sunday Times 100 Best Companies to Work For is an annual survey ranking the cream of Britain's happy and motivated workforces. Its appearance each year is now a highly anticipated event in the business calendar.

The survey is widely acknowledged as the most extensive research into employee engagement carried out in the country due to the methods of data-gathering and analysis it uses. Scores and ratings are based on employee opinions, and each year the questionnaires are revised and updated to reflect current workplace concerns.

Ian Lonergan, CEO of CCFS, commented: “We’re delighted to be named in the top ten of the Sunday Times 100 Best Companies to Work For survey for the second year running. We would not have been able to achieve this prestigious award without our fantastic employees. This accolade, which is voted for by our employees, is a great acknowledgement of the culture and working environment we’ve all worked so hard to achieve.”

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New FSCS limit increased to £85,000

02 February 2017

On Monday 30 January, the amount of eligible deposits that are protected by the Financial Services Compensation Scheme (FSCS) increased to £85,000 per individual (£170,000 for joint accounts).

The limit reflects the requirement for the deposit protection limit to mirror the European level of 100,000 Euros. It was reduced to £75,000 last summer following the pound’s rise against the Euro. However, as the value of the pound has fallen following the decision to leave the EU, the Prudential Regulation Authority has raised the UK limit to bring it back in line with the European level.

Savers should bear in mind that the limit is per individual, per bank, building society or credit union. If a bank has more than one brand name, then the limit is applied to the total deposits you have with all the brands of that bank.

Charter Savings Bank does not share a banking licence with any other bank or take deposits under any other brand name, so all your eligible deposits with Charter Savings Bank are protected up to the full £85,000.

For banks which are part of a bigger group operating under the same banking licence, the level protected will be a maximum of £85,000 (£170,000 for joint accounts) for all deposits held with that bank, even if the savings are held with different brands of that bank.

Paul Whitlock, Director of Savings at Charter Savings Bank, said: “Knowledge that your money is safe should anything go wrong is incredibly important to savers, something our own research confirms. We’re pleased that the Financial Services Compensation Scheme protection is going back up to £85,000, as it offers savers an increased level of reassurance.

“Savers across the country should take this opportunity to review the banks that currently hold their savings to ensure they don’t unwittingly hold savings twice with the same institution.

“Some banks, for example HSBC and First Direct, operate under a single banking licence, which means that protection is shared even if the money is held under different trading names.

“Although a banking collapse may appear unlikely, it’s always better to be prudent, and it’s a good idea to spread your savings across a number of providers with different banking licences to make sure it’s all protected should the worst happen.”

For more information, visit the FSCS website (https://protected.fscs.org.uk/About-FSCS/).

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Financial Services Compensation Scheme

Financial Services Compensation Scheme

Your eligible deposits with Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk.