National Counties Building Society is committed to its independent development as a mutual organisation run for the benefit of its members. It is the UK's largest single office building society and has unrivalled financial strength.
From its Church Street, Epsom headquarters, the Society provides a first class professional service to over 50,000 customers, throughout the UK. A branch in Ashley Square, part of Epsom's busy Mall Shopping Centre, provides added convenience for customers living and working locally.
To find out more about the history of National Counties please click on the link below:
Our History
The Society's efficiency enables it to offer highly attractive savings
and mortgages and its products regularly appear in "Best Buy" tables published
in the national press and other media. With Reserves of £105 million and Assets
of £1,052 million at 31 December 2006, the Society's Reserves Asset ratio is the
highest amongst all of the large and medium sized building societies and provides
much envied financial strength.
To view our Annual Report & Accounts please click on the link below;
2007 Summary Financial Statement
The Society's experienced and qualified staff strive to maintain the highest standards of customer service. An internal complaints procedure exists with ultimate recourse for dissatisfied customers to the Financial Ombudsman Service.
2008 Annual General Meeting Results
Capital Requirements Directive - Pillar 3 Disclosures
Publication of the attached document is required under the Capital Requirements
Directive as described within the introduction section of the document.
Pillar 3 Disclosure
Corporate Governance
National Counties Building Society is committed to best practice in corporate governance,
complying with the Combined Code on Corporate Governance, issued by the Financial
Reporting Council in 2003 and revised in 2006 (the Code), as well as meeting the
guidance for building societies issued by the Financial Services Authority (the
FSA).
Day to day management of the Society is delegated to a team of senior executives
led by a chief executive with oversight by an elected Board. The principal
function of the Board is to determine the strategy and policies of National Counties
Group within an effective control framework, which enables risk to be assessed and
managed. The Board ensures that the necessary financial and human resources
are in place for the Society to meet its objectives and that business and management
performances are reviewed. Furthermore, the Board ensures that the Group
operates within the Society's constitution and relevant legislation and regulation
and that proper accounting records and effective systems of business control are
established, maintained, documented and audited.
The Board has three Committees: the Audit, Remuneration and Nomination Committees, the Terms of Reference for which are accessible via the links below. The first two are comprised only of non-executive directors and have different Chairmen, neither of whom is the Chairman of the Society. The Nomination Committee is comprised of the Chairman and Vice Chairman of the Board plus the Chief Executive.
Terms of Reference for the Audit Committee
Terms of Reference for the Remuneration Committee
Terms of Reference for the Nomination Committee
National Counties Group
The Society has a number of subsidiaries within the group, principal of which is Hampshire Trust which was acquired in 2006.
Hampshire Trust
Hampshire Trust is a wholly owned subsidiary of National Counties Building Society. Based in Fareham, Hampshire, the Bank was founded some 30 years ago by solicitors, two of whom remain as Executive Directors. The Bank’s premises, Fareham House, are situated in the historic High Street of Fareham, which is part of the Old Town. Fareham House is a Georgian building that has been sympathetically restored and refurbished, yet incorporating the latest technology.
The Bank prides itself in providing a service which combines traditional and professional standards with the ability to respond at speed and with flexibility to the ever changing demands of the niche banking areas in which it operates.
To find out more about Hampshire Trust click on the link below and visit their website.
National Counties Building Society is authorised and regulated by the
Financial Services Authority. National Counties introduces its customers
to Legal and General for advising on and arranging life assurance,
pension and investment products bearing Legal and General's name.
