Our Fixed Income Analyst, Lyubomir Dilov has produced his annual summary of the UK Building Society sector.
Building societies quietly hold over £660bn in assets and £35bn in sterling bond issuance – yet remain one of the most overlooked corners of the UK credit market. Our latest sector review looks at how 2026’s wave of consolidation (Nationwide/Virgin Money, Coventry/Co-op Bank), a shifting rate environment, and evolving capital rules are reshaping the sector, and where investors can still find value.
