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Daily Insurance Industry News
Monday 21st of August 2017

Nationwide Building Society news


The Nationwide Building Society is the UK's largest remaining building society and the second biggest mortgage lender.

The company operates in three main business areas: personal financial services, commercial financial services, and treasury group operations.

The personal financial services portfolio is suitably wide, covering: mortgages, savings, online banking, loans, credit cards, and consumer insurance.

The commercial arm includes commercial lending and treasury income generation activities.

The treasury group arm is engaged in capital operations and items classified as being non-attributable to its core business areas.

Website: Nationwide Building Society

Latest Nationwide News:

July 28, 2012

New rules for banks selling insurance in packaged accounts

by Gill Montia

Story link: New rules for banks selling insurance in packaged accounts

From 31st March 2013, banks and building societies selling packaged accounts will have to adhere to new rules just published by the Financial Services Authority (FSA). Around one in five UK adults have a packaged account, which is current account bundled up with a range of insurance policies and other features. The regulator wants to […]



June 18, 2012

Nationwide launches new home insurance products

by Richard Kilner

Story link: Nationwide launches new home insurance products

Nationwide Building Society has launched a pair of home insurance products: Nationwide Home Insurance and Nationwide Home Insurance Essentials. The building society’s customers will now be able to select the level of coverage and premium that best fits their particular needs. Independent financial research company Defaqto has rated Nationwide Home Insurance with 5 stars and […]



March 7, 2012

Nationwide appoints annuities panel

by Gill Montia

Story link: Nationwide appoints annuities panel

Nationwide has launched an annuity service in the same week as the Association of British Insurers has issued a new code of conduct for annuity providers. The building society is inviting pre-retirees to consult a panel that comprises Aviva, Canada Life, Just Retirement, Legal & General, LV=, and Partnership, while claiming that people can typically […]



September 20, 2011

Nationwide extends travel insurance age limit

by Gill Montia

Story link: Nationwide extends travel insurance age limit

Nationwide is claiming a UK first as it adds free travel insurance for those aged up to 75 to its free current account. Previously, the upper age limit was 65 for new customers but from 21st September, the Society is extending the upper age limit on its FlexAccount travel package, where the account is used […]



December 2, 2008

Nationwide expands insurance offering with LV=

by Gill Montia

Story link: Nationwide expands insurance offering with LV=

Friendly society, Liverpool Victoria, is providing a new range of insurance products to Nationwide customers, under its LV= brand. Members of the UK’s biggest building society are now able to arrange car, small business and buy-to-let and property owners’ insurance, through the joint venture. Nationwide believes the partnership, which was formed in June of this […]



May 14, 2008

Nationwide offers 20% discount on home cover

by Gill Montia

Story link: Nationwide offers 20% discount on home cover

Nationwide has launched a home insurance offer that gives a 20% discount to those purchasing combined buildings and contents cover. The offer lasts until 31st July and the discount will be applied for a second year, if the policies are renewed jointly. New customers can save an additional 10% on the first year’s premium by […]



March 14, 2008

Homeowners urged to get garden coverage

by Richard Kilner

Story link: Homeowners urged to get garden coverage

According to new research conducted by Nationwide, 35% of homeowners value their garden contents at between £250 and £1,000. By definition, garden contents are almost always exposed and not under lock and key, and therefore it is vital that homeowners have the proper insurance should thieves strike. Nationwide provides insurance of up to £1,000 for […]



February 7, 2008

One in three Britons risk uninsured holidays

by Gill Montia

Story link: One in three Britons risk uninsured holidays

Nationwide has undertaken research that suggests one in three Britons fail to take out adequate insurance cover before setting off on holiday. In a recent survey, 35% of respondents were leaving themselves exposed to cancellation and medical emergency cost, or the loss of personal belongings, by not taking out travel insurance. In addition, 36% of […]



January 23, 2008

Many homeowners lack correct home insurance

by Richard Kilner

Story link: Many homeowners lack correct home insurance

Recent research conducted by the Nationwide Building Society has revealed that a large number of homeowners are failing to purchase the correct home insurance for their needs. A fifth of those surveyed would not be covered for house fires, flooding or storms due to lack of buildings insurance. A quarter of those who do have […]



Nationwide mortgage rates rise

by Richard Kilner

Story link: Nationwide mortgage rates rise

The Nationwide Building Society has raised the interest rates for its tracker mortgages. The move comes in spite of a lack of recent rate change from the Bank of England. The rise will be between 0.05% and 0.15% for new customers and comes into effect immediately. Nationwide’s fixed rate mortgages will not see their rates […]



August 20, 2007

Nationwide bans PPI sales

by Gill Montia

Story link: Nationwide bans PPI sales

Nationwide, the UK’s largest building society, has ceased all sales of Payment Protection Insurance (PPI), after admitting that its staff have not been advising customers properly. The building society apparently mounted a covert operation and discovered its PPI sellers were not up to the mark. PPI is sold alongside loans, mortgages and credit card agreements, […]