Nationwide Fairer Share Payment 2024

jackjones01

Nationwide’s Board will decide on whether we can make a payment for 2024. That will depend on how well we have performed financially. The Board will make that assessment – and confirm this year’s eligibility criteria - after the financial year ends in April.

Look out for an announcement on 23 May 2024. https://www.nationwide.co.uk/about-us/fairer-share/

darymave

I don't think that Nationwide's qualifying criteria is very fair, as thousands of people have missed out this including ourselves who have been with them for over 50 years, we have had several Mortgages over the years, we have ISA's etc. Not Very Good At All. Not Very Pleased. Shame on you.

Zanderman

darymave said:

I don't think that Nationwide's qualifying criteria is very fair, as thousands of people have missed out this including ourselves who have been with them for over 50 years, we have had several Mortgages over the years, we have ISA's etc. Not Very Good At All. Not Very Pleased. Shame on you.

Nationwide haven't announced the criteria yet for this year.

They might (or might not) be better than last year.

Perhaps wait until they announce them before judging!

Yorkshire_Pud

jackjones01 said:

Nationwide’s Board will decide on whether we can make a payment for 2024. That will depend on how well we have performed financially. The Board will make that assessment – and confirm this year’s eligibility criteria - after the financial year ends in April.

Look out for an announcement on 23 May 2024. https://www.nationwide.co.uk/about-us/fairer-share/

Thanks for this. I missed out last year but happen to have a savings account this time as well as flexaccount so fingers crossed.

Wonder why they announced it now with speculation and quoting last years criteria? Probably to sucker people in with their best guess at this years criteria! Still this about as far as I get into gambling so bring it on!

Rob5342

darymave said:

I don't think that Nationwide's qualifying criteria is very fair, as thousands of people have missed out this including ourselves who have been with them for over 50 years, we have had several Mortgages over the years, we have ISA's etc. Not Very Good At All. Not Very Pleased. Shame on you.

Why are you still with them if you aren't happy? There are loads of alternatives.

WillPS

Yorkshire_Pud said:

Wonder why they announced it now with speculation and quoting last years criteria? Probably to sucker people in with their best guess at this years criteria! Still this about as far as I get into gambling so bring it on!

The page isn't new, the previous version of the page just talked about the 2023 offer and included a copy of the terms for that reason (interestingly updated with the branding launched after that scheme). They've kept the reference to last year's scheme, I doubt it's intended to be a clue.

Yorkshire_Pud

WillPS said:

Yorkshire_Pud said:

Wonder why they announced it now with speculation and quoting last years criteria? Probably to sucker people in with their best guess at this years criteria! Still this about as far as I get into gambling so bring it on!

The page isn't new, the previous version of the page just talked about the 2023 offer and included a copy of the terms for that reason (interestingly updated with the branding launched after that scheme). They've kept the reference to last year's scheme, I doubt it's intended to be a clue.

OK still timely me for me as it was Jan Feb March funding to the flexaccount term from 2023, that if retained, got me to make a suitable payment in and two out, of my flexaccount this month which I would not otherwise have done and I will do again next month.

Lightning360

WillPS said:

Yorkshire_Pud said:

Wonder why they announced it now with speculation and quoting last years criteria? Probably to sucker people in with their best guess at this years criteria! Still this about as far as I get into gambling so bring it on!

The page isn't new, the previous version of the page just talked about the 2023 offer and included a copy of the terms for that reason (interestingly updated with the branding launched after that scheme). They've kept the reference to last year's scheme, I doubt it's intended to be a clue.

They've included last year's requirements in their February newsletter. It's clearly designed to be a clue so people stay with Nationwide and try to use the account more to meet these requirements.

MattMattMattUK

I cannot get worked up about this, the far bigger issue is that they have just made their app considerably worse, it now looks like it was designed by Fisher Price for use by under fives and has over simplified UI, together with the random and awful rebrand, where they appear to have decided to turn themselves into a second rate copy of NatWest. 

kaMelo

MattMattMattUK said:

I cannot get worked up about this, the far bigger issue is that they have just made their app considerably worse, it now looks like it was designed by Fisher Price for use by under fives and has over simplified UI, together with the random and awful rebrand, where they appear to have decided to turn themselves into a second rate copy of NatWest. 

You've summed it up much better than I ever could.

With regard to the fairer share payments and whether they are/were fair or not, each and every member of Nationwide has the power to make a difference by voting at their AGM. Of course you can't vote for individual policies specifically however everyone can vote down the directors remuneration report. Whilst a 'No' vote would not be binding it's inconceivable the board would survive after such a vote.

The results of the vote would suggest the vast majority of members were happy as the 'For' vote share actually increased to over 95%, or as more than 15 million apathetic members couldn't be bothered to vote at all it would suggest whining is easier than voting.

MACKEM99

I guess it's a bit like politics ..why should I bother to vote?