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Building society to offer free financial planning session to members

Pensions freedomsNottingham Building Society is offering a free financial advice session to members through national firm Wren Sterling as part of an extension of its reward scheme.

The building society is promoting the face-to-face financial planning service as part of a member reward scheme that will also to deliver cash back payments to select members and other benefits to more than 100,000 of its cohort.

Nottingham offers independent advice through national firm Wren Sterling at each of its 60 branches. Members may also be entitled to free mortgage advice.

Nottingham chief executive David Marlow says: “Our all-under-one-roof advice and service proposition means we are uniquely placed to help our members whatever stage of the financial journey they are on.

“Having listened to our members we know that they value our advice and service offering, and they want to be rewarded for their loyalty as well as doing the right thing to plan for and protect their financial futures.”

The firm said it had become increasingly difficult to access financial planning on the high street for people with low savings, and would also help with will and funeral planning.

A spokesman for Wren Sterling confirmed that an initial consultation is free to a Nottingham Building Society member, with no obligation to proceed. Fees would then apply should the member wish to use Wren Sterling’s services but would be disclosed to the member before any chargeable work takes place.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Can we presume then that as the advice service is ‘free’ that the member can invest a lump sum into an investment or pension plan and not pay any initial or ongoing advice fee ? fabulous service if that is the case or could it be that the ‘initial assessment’ is free, which is another matter altogether, one which I would expect the chief exec of the Building Society to understand and certainly the journo at Money Marketing. I would hope/ suggest that the point is made a lot clearer to potential clients. I think that you will find that most IFA’s provide a ‘free’ initial consultation.

  2. Robert Milligan 22nd August 2017 at 4:59 pm

    I have just dealt with a wren Stirling client who was told his DB advice was funded by the employer!!they only charged for On going advice when he became an insistent client, he was charged 2% by Wren Stirling, and Yes I do have the file!

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