Nationwide launches investment advice for small savers

It already offers similar advice to those who want to invest a one-off lump sum, according to the Daily Mail. Investors can choose from 19 funds offered through Legal & General. However, savers must be prepared to pay an upfront fee for advice given in the branch. This is 3 % of the amount you plan to put aside each month for the next 48 months. So if you were going to put aside £100 a month, you would pay £144 initially to Nationwide. There is also a 0.5 % fee for investors who sign up for ongoing advice with the bank. On top of this, customers pay charges for each of the funds. ...