Financial Adviser, May 31st, 2007
Sweet victory
It is 10 years since Nationwide defeated the carpetbaggers and guaranteed its future as a building society.
I do not think it is any secret that I am a staunch supporter of mutuality which I believe can deliver better returns to members. It is basic common sense that if there no shareholders to pay then there is more money in the pot for both savers and borrowers. Of course, whether that money is well-used or simply shuffled off to boost executive pensions is another matter.
But let us look to the positive. Nationwide and many other building societies can argue that across t...
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