Newcastle Building Society is to launch a range of savings and investment products for intermediaries, under the new brand Newcastle IS.
The new service, which will be fully launched with an intermediary website in July, offers a range of deposit based products including fixed-rate bonds, access accounts and guaranteed equity bonds.
The products will be available in a variety of tax wrappers including cash ISA and will also be suitable for investment in SIPPs.
Steve Urwin, senior marketing executive at Newcastle Building Society, says: “This new brand will provide investment advisors with a range of innovative and flexible products, as well as opening an alternative avenue of business, aside from the usual lending arena, for FSA registered intermediaries.”
Paul Bruns and Elaine Parkes
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