Nationwide Building Society will transfer its Financial Planning service to Aegon UK in early 2024 as part of an extended partnership, allowing customers access to investment solutions and support.
Facts
- Nationwide Building Society is transferring its Financial Planning service to Aegon UK in early 2024 following a strategic review.
- Aegon UK has been Nationwide’s partner since 2016, offering investment solutions, support, and a digital experience to customers.
- Less than 1% of Nationwide customers currently have investment products.
- The transfer aims to focus Nationwide on its primary products: mortgages, savings, and current accounts.
- Nationwide’s investment business employees, including Financial Planning Managers, will become Aegon UK employees under TUPE regulations.
- Nationwide will inform customers about the transition and introduce interested customers to Aegon UK.
- Aegon UK’s role as ISA and GIA provider for Nationwide customers will continue, providing a seamless transition.
- The transition ensures customers receive ongoing financial planning services and a wider range of support.
