Chair of parliamentary mutuals group questions commitment of Alison Hutchinson to the sector
The vice-chair of Yorkshire Building Society is facing a call to resign over her role pushing through the sale of the fellow member-owned firm LV= to a US private equity buyer, amid concerns that it could kickstart a wave of demutualisation.
Gareth Thomas, chair of the all-party parliamentary group for mutuals, said there were serious questions over Alison Hutchinson’s position on the board of the building society while pursuing the sale of another big customer-owned firm.
