The way we'll provide financial planning advice is changing…

When you currently take financial planning advice from our subsidiary, Newcastle Financial Services Limited – on such subjects as investments, pensions, stocks and shares ISAs, for example - we are paid a commission by the providers of the product you invest in and this commission is taken from the management fees and charges the product provider charges you.

With effect from 1 January 2013, product providers will no longer be able to pay financial advisers commission and all advice will need to be paid for by the person receiving the advice – a little like the way you pay a solicitor.

In most cases, you should be no worse off - what you pay will just be paid in a different way.

As part of this change, you’ll get several benefits:

  • More qualified advisers - all advisers will have to obtain new qualifications
  • Greater transparency about the service we offer and the charges for providing it
  • A better ongoing service - making sure that your money is working as hard as it can be, we'll be offering annual reviews and a range of other benefits.

More information

The Financial Services Authority have written a guide to the forthcoming changes and you can download a copy by clicking here

Newcastle Financial Services Limited offers a 'restricted advice' service which means that they offer advice on products and services from a limited number of companies available through Openwork Limited.

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Need Some Help?

  • Speak to a Financial Planning Manager
    0345 600 43309am - 5pm Monday to Friday (local rate charge but calls from mobiles may cost more)