News

• More than eight in ten parents share smart devices with their children, research shows
• Parents more likely to talk about personal safety online than cyber security
• Just one in six believe their children would be able to spot a fake email or download link

Nationwide Building Society today announces the appointment of Albert Hitchcock as an independent non-executive Director of the Society. Albert is a leader in information technology with a 33-year career in the technology industry. He will join the Board in January 2019 and, in addition, will be a member of both the IT & Resilience and Board Risk Committees.

• Two thirds of Brits burgled with a third hit more than once
• Seven in ten burglary victims turn to modern tech to protect their homes
• But, three quarters of battery powered smartphone doorbell cameras left without power
• More than a third of victims admit to posting that they are going away on social media
• Almost one in ten took no further action to protect their home post break-in

• Nationwide Building Society’s latest TV adverts to launch on 24 December and run for eight days
• Latest adverts form part of Society’s wider ‘Voices’ advertising campaign
• Adverts to promote Society’s diverse membership highlighting different voices, opinions and stories at Christmas

A look into the nation's spending habits based on nearly 710 million transactions, detailing how much money we spend, where we spend it and how. Analysis covers third quarter of 2018 (July-September). Includes consumer research on attitudes toward Christmas spend.

Nationwide’s quarterly Spending Report is an analysis of nearly 710 million Nationwide customer payment transactions. The period covered by the is report is the third quarter of 2018 (July to September), with additional consumer research looking at the upcoming Christmas period.

The report highlights that, on average, Brits spent £1,541 on essential living costs in the period, equating to some 82 per cent of the average £28,400 salary. This equates to an increase of 8.3 per cent against the same period in 2017 - or £8 in every £10.. However, while the cost of living has risen, year-on-year discretionary spending has dipped for the second consecutive period – fuelling the view that financial pressure is mounting on British consumers.

Additional research highlights attitudes toward spending at Christmas, with two thirds of Brits looking to cut back.

• Nationwide Spending Report shows £8 in every £10 of average salary goes on essential spend
• Rise in essential costs comes as discretionary spend dips for the second consecutive period
• Poll shows Brits had average £426 debt last Christmas, taking 2.5 months on average to pay off
• But children set to have average of £153 spent on them as parents refuse to cut back on kids

• 196,000 savers already helped with mortgage deposit, receiving an average £800 each from Government
• Current deadline for last chance to apply for Help to Buy ISA only a year away

• Two thirds have a business idea up their sleeve, but only four per cent managed to start own business
• Eight in ten said having a mentor would make a difference to them being their own boss
• But half said they didn’t have anyone they could turn to as a business mentor
• Nationwide launches regional mentoring pilot to support new businesses

• Nearly a third of Brits risk giving scammers access to their finances, research shows
• Those living in Wales most willing to put themselves at risk of remote access fraud
• One in eight would give full login details to someone impersonating their bank or building society
• Those aged 25 to 34 most at risk of leaking passcode details

• Nationwide today commits to launching business banking proposition that will shake up market
• But £50 million funding from RBS remedies fund would deliver a bigger impact, sooner
• Branches & digital at heart of Society plans with small businesses to be served on their terms
• Society applies for Incentivised Switching Scheme as it looks to maximise impact at launch

• Nationwide introduces unique new assessment for graduates and apprentices
• Escape room format mirrors popular games like Crystal Maze and Krypton Factor
• Latest element will complement more traditional ways of assessing new talent