Give Nationwide Members a Say on the purchase of Virgin Money
The campaign for Nationwide members
How to vote in the Nationwide AGM We are advising all members to vote AGAINST all resolutions and AGAINST the re-election of the board in protest of the treatment of members by the leadership of Nationwide. For more information, please see our press releases from The 2024 AGM is online only – if you are […]
Swindon, UK – The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” has urged Nationwide members to vote “No to All” resolutions and against all candidates put forward for (re-)election by the board at the society’s upcoming Annual General Meeting. Electronic voting opens today, 10th June, ahead of the online […]
13 May 2024 Press release re Allan Gray support for member vote, HM Treasury refusing to act and House of Lords debate on BSA amendment bill
With backing from HM Treasury, the campaign recommends members raise complaints with the society, and if still unsatisfied, with the FOS.
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 […]
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 […]
The campaign for Nationwide members to have a say on the proposed takeover of Virgin Money is proposing that their supporters withdraw all but £100 from their Nationwide deposit accounts. The campaign has been protesting that Nationwide members should have a vote on the £2.9 billion proposed takeover of Virgin Money – which is what is […]
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 […]
Consider moving all but £100 of your savings to another institition ASAP in protest (and probably for a better rate).
WHY NATIONWIDE WILL BE FINANCIALLY WEAKER IF THE PROPOSED TAKEOVER OF VIRGIN MONEY GOES AHEAD A company’s balance sheet is made up of assets, liabilities and equity. In the case of Nationwide building soicety, the equity (or capital) in the business belongs to the members. In most takeover deals involving listed equity i.e. a company […]
