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Carpetbagging RIP, says pressure group

Carpetbagging is dead, says a leading demutualisation organisation which claims it will no longer throw its weight behind moves to force building societies to convert into banks.

Carpetbagger.com, a web-based pressure group which helps building society customers seeking windfalls, says it will no longer put members’ conversion resolutions to mutuals and will not support anyone else hoping to do so.

It says Nationwide’s decision to throw out demutualisation proposals in April effectively signalled the end for carpetbaggers.

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Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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