Elect James Sherwin-Smith to represent Nationwide building society members
FOR IMMEDIATE RELEASE
8TH JUNE 2026, LONDON — James Sherwin-Smith is the first Member-nominated candidate to stand for election to Nationwide’s Board in more than twenty years and the only candidate standing who has not been selected by the Board.
My thanks to Samuel Norman and the team at City AM for the coverage on the Business As Usual podcast today. We talked about You can listen to the episode via YouTube below (starts 3m32s) or these podcast platform: Spotify, Apple, Buzzsprout. This post was also shared on Facebook, LinkedIn and X/Twitter.
Great news for a subset of Members — but million still miss out on their share of the mutual’s profits As I expected, Nationwide has today announced a fourth consecutive Fairer Share payment, with around 4.4 million members expected to receive £100 in June, alongside a new 5% Member Exclusive Bond and a £175 current […]
Members were never given a say on the mutual’s biggest takeover since it was founded in 1884 — now they are going to see whether it was worth it Ben Martin, Banking Editor Sunday May 17 2026, 2.40pm Link: https://www.thetimes.com/business/companies-markets/article/nationwide-results-virgin-merger-integration-member-director-57bt8tfbh When Nationwide revealed in March 2024 that it was spending £2.9 billion snapping up Virgin […]
Patrick Tooher, Consultant City EditorUpdated: 11:45, 17 May 2026 Link: https://www.thisismoney.co.uk/money/markets/article-15823361/Another-100-bag-Nationwide-members.html Nationwide will announce another £100 profit-sharing bonus for each of its more than four million eligible members when it posts annual results on Thursday. It will be the fourth year running that Britain’s biggest building society has made the payment under its Fairer Share […]
Update 21 May 2026 – the Fairer Share payment for 2026 has been announced – see this article! If Nationwide can again afford to make Fairer Share payments, this will be rightly celebrated by the recipients. However the majority of members that don’t receive these may be left questioning fairness: why do only a minority […]
You might have seen reports in the press this week that the High Court has approved the transfer of Virgin Money’s business into Nationwide (e.g. The Sun, The Mirror). This was a legal application made by Nationwide to transfer nearly all assets, liabilities and customers of Clydesdale Bank plc (trading as Virgin Money) into Nationwide. […]
Not everyone thinks the ‘Big Thank You’ payments are a good idea although they do send a powerful message Patrick Hosking, Financial EditorWednesday March 19 2025, 5.00pm, The Times Link: https://www.thetimes.com/business/companies-markets/article/nationwide-is-paying-out-600m-to-its-members-but-should-it-be-50plkqb5b These are unusually good times to be a building society. Margins are fat; defaults low. Nationwide is so flush with cash it is in […]
Nationwide announced this week the “Big Nationwide Thank You” – a £50 one-off payment to eligible members. This is entirely separate to the recent annual (but not guaranteed, or clearly defined) Fairer Share Payment. This “thank you” payment is another example as to why members should be more engaged, and members’ perspectives better represented, at […]