Nationwide members demand “clarity and balance” on proposed Virgin Money deal and rationale for denying vote

The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” accuses Nationwide of “poor communication and misleading statements” regarding the deal, and requests that Nationwide be “open and honest” with membership regarding the inherent costs and risks of the proposed acquisition. Further, after the society revealed that it is denying members a vote on a technicality, the campaign challenges the “legal safety” of the Nationwide board’s opinion, effectively disenfranchising 16 million Nationwide members.

What’s next for the campaign

26 April 2024 BACKGROUND The campaign began with a simple objective, as per the title of the petition started by Mikael Armstrong on 21 March 2024: to Give Nationwide Members a Say on the purchase of Virgin Money. It now has over 4,000 signatories. The immediate opportunity that the campaign identified was to request a […]

Email sent to FCA and interested parties regarding unacceptable response to concerns raised on behalf of the campaign

26 April 2024 Dear FCA Mutual Societies team (cc Nikhil Rathi, Mikael Armstrong, Treasury Select Committee, Treasury action team, Bim Afolami MP, Julie Elliott MP bcc journalists that have covered this story) We have been sent your below response [1] by supporters of our campaign who have raised concerns about the Nationwide Building Society. We […]

Campaign challenges Nationwide building society to be transparent with members regarding the proposed takeover of Virgin Money 

Swindon, UK – The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” is calling on the Nationwide building society to publish its recent research into members’ attitudes to the proposed acquisition of Virgin Money. It is also asking the society to be transparent with members about any potential downsides if […]

Request a Special General Meeting

Please read the latest update from Mikael – and please email Nationwide with your request as per the instructions below. — UPDATE FROM MIKAEL — Thank you to everyone who has signed and supported this petition. We are now past the 3,000 signatory mark which is 6x what is needed to bring a Special General […]

Write to your local MP

Please use/adapt the below template and email your local MP. It is important that you include your name, address and post code at the end. Strict parliamentary rules mean that MPs are only allowed to help their own constituents. You can find our who your local MP is and their email address at: – – EMAIL […]

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