N&P signs over advice arm to Aviva

N&P has written to customers explaining that from today their financial advisers will no longer offer whole of market independent advice. New business from existing customers has also been put on hold until the end of the transition period on 16 March, when N&P staff will refer all customers to an Aviva adviser who can only recommend Aviva products. Aviva will pay N&P commission on all future product sales by its in-branch advisers as part of the "introducer partnership" between the two companies. The building society's exit from the advice market comes just days after Barclays sai...