Towergate Financial has signed a deal with Melton Mowbray Building Society to provide financial planning to its customers.
From today, Towergate Financial will have an in-house adviser based in the three branches of the Melton Mowbray and will provide the service to both new and existing customers.
Towergate now offers this service to four other building societies, providing advice in 55 branches throughout the UK.
MMBS chief executive Martin Reason says: “Our objective has been the provision of a financial advice service to our members. With the upcoming changes to regulation regarding the provision of financial advice arising from the FSA’s retail distribution review, the relationship with Towergate Financial means that all our members will receive advice from one of the leading financial planners in the UK.”
Towergate Financial chief executive Dan Saulter says: “Entering into this arrangement with Melton Mowbray will ensure that many more building society members continue to receive first class advice and service after the regulatory changes brought about by RDR.”
Saulter adds the firm will seek further tie-ups with more building societies in the future.