Nationwide launches investment advice for small savers

clock

Britain's biggest building society Nationwide has launched an investment service aimed at customers who want to put aside sums as low as £20 a month.

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. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Wealth Club launches UK's first private markets SIPP

Wealth Club launches UK's first private markets SIPP

45% income tax relief

Patrick Brusnahan
clock 24 March 2026 • 1 min read
Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

'More often, it's the quieter disciplines that matter most'

Phillip Young
clock 23 March 2026 • 3 min read
Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read