Nationwide scraps fees for more than 30 services
Thursday 28 May 1998
The building society said that from 1 June it would no longer charge customers for obtaining duplicate statements, stopping cheques, changing building insurance to an alternative provider, or using LINK cash machines.
"Nationwide is underlining its commitment to make membership of the society mean more, in a way which sets it apart from its plc competitors", the building society said in a statement.
Brian Davis, Nationwide's chief executive, said: "As a building society we are not driven to maximise the profit we make out of our customers at every turn. We can therefore not only listen to these concerns [customer concerns] but act on them".
Nationwide, which has seen many of its competitors convert to banks and float on the stock market, remains committed to the principal of mutual ownership.
The building society is confident its members will vote to retain its mutual status this summer, according to company sources.
The society is facing a second attempt to force it to convert to a plc at its annual general meeting of members on July 23. Two demutualisation candidates are seeking election to the board.
Last year, Michael Hardern failed in his attempt to be elected to the board on a demutualisation ticket. Undeterred, Mr Hardern has chosen to stand again this year. Andrew Muir is the other demutualisation candidate standing for election.
- 2 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 3 Andy Murray takes to Twitter to show off his Christmas jumper
- 5 Top 10 travel destinations for 2015: From Haiti and Alaska to Namibia and Iceland
PlayStation and Xbox hacked by Lizard Squad
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Dublin court rules brain-dead pregnant mother's life support can be switched off
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...