Nationwide has extended a deal with Legal and General (L&G) to offer investment advice in the building society's branches until at least 2016.
The tie-up continues a current arrangement which was due to end in February 2013, just after the final deadline for implementation of the RDR on 31 December 2012. L&G has been Nationwide's distribution partner since 2008. Chris Last, managing director of L&G's bank and building society division, says: "It's a testament to the strength of our relationship that we have signed a new agreement with NBS to provide them with RDR compliant investment products and services until 2016." Nationwide's decision to stick with L&G comes in the same week as insurer Aviva has extended its presence...
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