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Nationwide and Standard are facing new threats

As Bradford & Bingley confirmed it will seek a stockmarket listing in

December, rival mutuals are under threat as new conversion campaigns gather

momentum.

Standard Life, Britain&#39s biggest mutual life office, has come under

renewed threat despite fending off carpetbagger Fred Woollard in June.

Gordon Hart, the Scottish telecommunications executive who helped bring

about Scottish Provident&#39s review of its status, is calling on Standard

Life members to co-ordinate opposition behind the members&#39 rights campaign.

Nationwide, the biggest remaining mutual society, is facing threats to its

status from Stephen Major, the Irish plumber who campaigned for the

conversion of B&B. Major needs 500 signatures from members to start his

campaign. He says a flotation could raise billions of pounds for charity.

Save Our Building Societies says it will give these campaigns a run for

their money. Co-ordinator Bob Goodall says: “We will put up a determined

fight to protect all mutuals. I have no respect for people who do things I

believe to be to the detriment of their fellow citizens and their

community.”

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