Derbyshire Independent Financial Services under review

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...