Nationwide hit by pay criticism

SAVERS are being urged to vote against executive pay deals at Nationwide, the UK’s biggest building society.

The Building Societies Members Association (BSMA) has also called for savers in mutuals to be given a binding vote on directors’ pay, according to ExaroNews.

BSMA says the Nationwide board should consult more and keep “pay increases to levels closer to those of the majority of the society’s employees”.