Nationwide annuities: Sausage factory or sensible solution?

ANNUITY 'SHOP'

clock

Nationwide's annuity service adds fuel to debates around restricted advice, small pots and RDR.

As some advisers bicker over whether low net worth clients represent profitable post-RDR business, Nationwide has set out its solution to the small pot question. The mutual will offer commission-based, restricted annuity advice in-branch delivered by QCF Level 4 trained advisers, who can also advise on investments through Cofunds and on protection policies with a minimum monthly premium of £6. Annuities advice at Nationwide is available on pots worth at least £18,000. It will use The Open Market Annuity Service (TOMAS) software to produce client reports. Customers will receive quot...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Busting divorce misconceptions for clients

Busting divorce misconceptions for clients

General public’s divorce knowledge ‘patchy and often poor’

Rosa​​​​ Alexander
clock 10 March 2025 • 4 min read
AI's energy demands pose responsible investing challenge

AI's energy demands pose responsible investing challenge

Advisers must rethink sustainable investment strategies to balance returns and ESG goals

Sahar Nazir
clock 07 March 2025 • 2 min read
More female advisers 'key to closing gender advice gap'

More female advisers 'key to closing gender advice gap'

'We are still a long way from gender equality in financial services’

Isabel Baxter
clock 07 March 2025 • 2 min read