The building society sector has survived demutualisation and clung on to sizeable shares of the mortgage and savings markets. But could there be more mergers in the pipeline? Michael Imeson reports.

The day after Tony Blair was returned as UK prime minister for a third term last month, the outcome of a markedly different sort of election was announced. Philip Williamson, chief executive of the Nationwide Building Society, was voted chairman of the Building Societies Association (BSA) for 2005/6.

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