Building on the Bank of Mum and Dad

Held on Thursday, July 11th


  • Paul Broadhead (Building Societies Association)

  • Guy Rigden (MyBnk)

  • Simon Thompson (Key Retirement Group)

  • Andy Davis (Prospect)



At the end of last year, the BSA published an important report on intergenerational mortgages. Entitled ‘Building on the Bank of Mum and Dad’, it took as its starting point the fact that parents already provide billions of pounds to help children get a start on the housing ladder. It then went on to make a number of recommendations that would help to grow this role ‘without jeopardising the long-term wellbeing of older generations’.

This is a controversial area. After all, many of the problems faced by first-time home buyers today are new – products of a chronic shortage of (the right kind of) home and of rampant house price inflation. There is also a serious issue over whether the (alleged) ‘wealth’ of older generations is better spent on housing for their children or on social/health care for themselves. But issues of intergenerational finance are with us to stay, and I am therefore delighted that we have been able to put together a distinguished panel to explore them – and, perhaps, even to come up with some tentative recommendations:

  • Paul Broadhead is head of mortgages and housing policy at the Building Societies Association. Paul joined the BSA to set up its mortgage team in 2008. He is a frequent media commentator and conference speaker on matters relating to mortgages and housing in the UK. He is also a member of the Consumer Policy Working Group of the European Association of Co-operative Banks.

  • Guy Rigden has been CEO at MyBnk since 2016, having joined as expansion director in 2013. MyBnk is a charity that helps young people engage with personal finance through high quality and fun programmes to build financial capability. He leads on policy and is a member of the Money Advice Service’s Financial Capability Board. Prior to seeing the light, he worked for 30 years in the City, including four years running Credit Suisse’s emerging EMEA equity business.

  • Simon Thompson is CEO of KR Group, which he joined (as CFO) in 2013. He is a former investment banker with RBS and UBS, and is an accountant (with PwC) by training.

  • Andy Davis writes a regular column on personal investment for Prospect. He is a former editor of the Weekend FT, and a former winner of the Wincott Award for personal finance journalist of the year.

I am not sure where this discussion will lead. But the issues around intergenerational equity are enormously important. If you would like to join us – and perhaps share your own thoughts - please let us know by emailing or by calling the Centre 0207 621 1056. As usual, there will be wine and sandwiches to ease the pain.

Best wishes,

Andrew Hilton