Nationwide AGM

Swipe

If anyone is going, please tell them to give their ISA transfer out department a kick up the backside. I've been waiting 6 weeks for my ISA now but in contrast, Santander managed to transfer 2 ISAs within 10 days, start to finish.

parcival

Swipe said:

If anyone is going, please tell them to give their ISA transfer out department a kick up the backside. I've been waiting 6 weeks for my ISA now but in contrast, Santander managed to transfer 2 ISAs within 10 days, start to finish.

Yep, going through the Bereavement process with both of these banks. Santander are the Gold standard, Nationwide have been pathetic so far.

eskbanker

veryintrigued said:

I'd be asking how much Nationwide pay the makers of their TV advertising campaign.

In a sea of dross bank/building society adverts they take the award for the worst.

Their total spend on marketing and advertising increased from £63m to £71m this year, but they don't publish a breakdown of that across all the various channels - as with most TV advertising though, the majority of the cost will go to the TV companies for the broadcast slots, rather than to the makers as such.

libra10

I voted against their directors' remuneration package, as a protest against their derisory saving account interest rates.  Also for their pathetic advertising in which they pretend they are on the side of their customers.  

adonis

From their website,

Your general questions 2020 AGM

Why aren’t you holding a virtual meeting? How can the AGM be valid without members? Why hold a TalkBack the following day, and how do I ask a question? We recognise the AGM is an important date in the Society’s calendar, as it’s one of our opportunities to speak to members and hear their views and opinions directly, in addition to our yearly calendar of TalkBack events. In our Memorandum and Rules, we must hold a physical AGM meeting, so it’s not possible for us to hold the AGM virtually. The coronavirus and public health measures mean we have to do things differently this year. The safety of our members and colleagues is our top priority, and we’re live streaming the meeting so that members can watch. The AGM will be held at Nationwide’s head offce with the minimum number of directors and employees who are members that is required to form a quorum. David Roberts, Chair of the Society, will conduct the formal proceedings including the resolutions and re-election of the Society Directors. Joe Garner, CEO of the Society, and Kevin Parry, Senior Independent Director will also be at Nationwide House, and we will have social distancing in place for all attendees. This year, we’re encouraging members to ask questions through the online voting website, by email or by post (where safe to do so). We’ll be holding an online Member TalkBack on Friday 17 July 2020 at 1pm to give members an opportunity to ask questions directly to the leaders of our Society. At the AGM this year, we’re also proposing a change to the Rules of the Society, which will allow us to hold the AGM at more than one venue or virtually. This will ensure our members can fully participate in future; however, we will only look to utilise this in exceptional circumstances and look forward to welcoming members back to physical meetings when we can. You can fnd more information about this in your voting pack.

aroominyork

eskbanker said:

bigadaj said:
CEO pay has seemingly halved but still a huge amount for what isn't a complicated job of running a building society.

What makes you think you know what's involved in running large multi-£billion companies in increasingly regulated industries?  As often pointed out by why-oh-whiners, Nationwide are now closer to being a bank than a building society, so belittling the role by implying that it's in some way comparable with running traditional smaller and simpler building societies isn't particularly tenable....

I think Nationwide is the only national - as opposed to regional - building society, so I guess, since you can do all your banking with them (as I have for a few decades), they will look very much like a bank. Sure, there are always going to be better rates somewhere (and I rarely save more than pin money at Nationwide) but on the whole I find them competitive. I pay £13 a month for my current account and get car breakdown cover and worldwide travel insurance thrown in - I call that a great deal (even if it used to be £10 and also gave 5% interest on £2500). 

I've always assumed that so long as Nationwide is competently managed it will provide decent rates and because of that force the banks to be competitive. If the carpetbaggers won and it was demutualised, there would effectively be a cartel among the banks and everyone would suffer, so all bank customers should be grateful to us loyal Nationwide customers.

thor

eskbanker said:

bigadaj said:
CEO pay has seemingly halved but still a huge amount for what isn't a complicated job of running a building society.

What makes you think you know what's involved in running large multi-£billion companies in increasingly regulated industries?  As often pointed out by why-oh-whiners, Nationwide are now closer to being a bank than a building society, so belittling the role by implying that it's in some way comparable with running traditional smaller and simpler building societies isn't particularly tenable....

and what makes you think it's not such an easy job? Have you fallen for the normal excuse put forward by fat cat apologists that CEOs need ti be highly paid because they are responsible for so many people?

castle96

carpetbagging. mmmm the only reason I still keep £100 in (from donkeys years ago). You never know!

MACKEM99

eskbanker said:

bigadaj said:
CEO pay has seemingly halved but still a huge amount for what isn't a complicated job of running a building society.

What makes you think you know what's involved in running large multi-£billion companies in increasingly regulated industries?  As often pointed out by why-oh-whiners, Nationwide are now closer to being a bank than a building society, so belittling the role by implying that it's in some way comparable with running traditional smaller and simpler building societies isn't particularly tenable....

Do you think there is any chance they will convert to bank?

castle96

snowballs, but you never know