Newcastle IS is aimed specifically at intermediary networks and Independent Financial Advisers, (www.newcastleis.co.uk). It is initially offering a range of deposit based savings products, including capital guaranteed structured accounts, instant access savings accounts and fixed rate bonds, providing competitive rates of commission for distribution.
The company can provide flexible support to portfolio planning, allowing for bespoke products and will consider requests on an individual basis. Newcastle IS also offers the flexibility of a ‘fee rebate’ feature, enabling advisers to forgo some or all of their commission to provide additional allocation to their clients’ deposits.
Steve Urwin, senior marketing executive at Newcastle Building Society, commented: “We are delighted to announce the launch of Newcastle’s Intermediary Service with a wide range of deposit products. Having offered these types of products via intermediaries for some time, Newcastle IS is a natural progression from this, providing a dedicated hub of support and advice for both our current and future intermediary partners. This new service reinforces Newcastle’s commitment to the intermediary market.”
