View more on these topics

Nationwide pilots new IFA arm

Nationwide is piloting a new IFA arm, with a view to rolling it out across Cheshire, Derbyshire and Dunfermline building societies.

The IFA arm will be called Nationwide Independent Financial Services. Nationwide inherited Derbyshire Building Society’s IFA arm after acquiring the mutual last September. The soc- iety is piloting the service at Cheshire and Derbyshire bran-ches and is set to roll it out across Dunfermline branches after a recruitment process.

A Nationwide spokesman says: “Cheshire and Derbyshire are so close in terms of geog- raphy it is possible to effectiv- ely roll out an IFA operation supporting the branches relatively quickly. To do that across the Dunfermline office as well will be harder so we will have to go through a recruitment process there. That is what is in play.”

The Mortgage Practitioner principal Danny Lovey says: “While Nationwide is a society, generally speaking, consumers do not have an awful lot of faith in high-street brands so we will have to wait and see whether they will use their IFA proposition.”

Recommended

The chatteling classes

Continuing the series on intestacy, here are some scenarios of what can happen with property when there is no will.

Tory MEP calls on industry to engage with Brussels

The UK financial services industry needs to engage with Brussels in order to influence the regulations and directives currently being developed, according to Conservative MEP Syed Kamall.

Burnett: what needs to happen for value to start performing again?

Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

Leave a comment