Nisa-Today's has revealed plans to pay members a record surplus for the second year in a row.

Nisa will make its largest ever payout, £5m, up from £4.5m the year before, following record sales and volumes at the buying group.

CEO Neil Turton said the bumper payout rewarded its loyal members.

"The payment of surplus and dividends, we hope, demonstrates our appreciation of that support and our ongoing commitment to creating benefits for our members," he added.

The announcement came as Nisa revealed that more than 90% of Today¹s Group members had voted for Today's (Nisa¹s wholesale arm) to split off as a separate company.

Nisa-Today's board of directors has now voted unanimously for the separation to proceed to the next stage and will meet in September to formally consider the split. Shareholders will then vote on the split later in the month.

Read more
Today’s split from Nisa set for go-ahead (16 July 2011)