The future of Derbyshire Independent Financial Services (IFS) is uncertain following the news Nationwide is to merge with Derbyshire Building Society.
The deal means Derbyshire IFS, a wholly owned subsidiary of Derbyshire Building Society, will be placed under review with a decision to be announced by the time the merger is expected to conclude on 1 December. Advisers working for IFS, which offers whole of market advice, currently advise on a range of issues including retirement planning, investments, IHT, protection and equity release. Britain’s largest building society Nationwide will merge with smaller rivals Derbyshire and Cheshire as a pre-emptive action, following the emergence of “financial issues” at the groups. The Cheshire...
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