N&P in talks to sell IFA arm

The review, which also includes four sales managers, is due to be completed by the end of January and the building society is in talks with more than one potential buyer, according to a spokesperson. However a spokesperson for Aviva has confirmed it is in "advanced talks" with N&P about taking over its advisers on a tied basis. A transfer of liability for hundreds claims of alleged mis-selling of Keydata products against N&P advisers has not yet been discussed, he added. N&P says the move is against a backdrop of the higher costs and increased difficulty in providing advice brought...