Top up/Switch

If you're an existing Nationwide investment customer, the way in which you can make changes to your funds will depend on when you bought your investment.

In 2009, Nationwide began to phase in a slightly different investment offering. This was using an investment service known as the "Investor Portfolio Service (IPS)". If you have an investment as part of the Investor Portfolio Service, this will be clearly shown on the front page of the Key Features document or contract note you were given at the time of the sale.

Alternatively your valuation statements, which are dated annually in June would look like the one marked below as A.

If you were not sold an investment fund using IPS, then Legal & General use a different investment administration centre. In this case your valuation statements, which are sent out twice a year, would look like the one marked below as B.

Example statement A – IPS customers

Example Statement B – Non-IPS customers

How to manage your investment

To find out how to top up or switch your funds, click on the relevant tab below:

IPS Top Up

Stocks & Shares ISA or Unit Trust/ OEIC:

If you decide to top up your existing stocks and shares ISA or Unit Trust/OEIC, you can:

  • Pay by cheque. Simply send a cheque and your Legal & General customer number (this is the number starting with 50) to the address below.

The Investor Portfolio Service,
Legal & General Group PLC,
PO Box 1112,
Chelmsford,
CM99 2UX

Example letter

   
Your contact details

The Investor Portfolio Service
Legal & General Group Plc
PO Box 1112
Chelmsford
CM99 2UX

Nationwide ref: N2
Customer no: 50xxxx
Product Type: Stocks and Shares ISA/Investment Account* through Nationwide (*Delete as applicable)

Dear sir

Please find attached my cheque for £x. This should be invested in the "Enter the fund(s) name from your statement".

I look forward to receiving your confirmation that this additional investment has been completed.

Yours faithfully

A Customer

   


Just before you post your top-up

  • Please ensure you have read the latest version of the General Key Features IPS (PDF 323KB) and Fund Key Features IPS (PDF 185KB), If you do not have the latest version, please contact Legal & General where you will be able to obtain a copy.
  • If you are topping up your ISA you can currently put up to £7,200 into a stocks and shares ISA, or use this allowance in conjunction with a cash ISA. From 6 October 2009, anyone who will be aged 50 or over on or before 5 April 2010 can benefit from a higher limit of £10,200 of which £5,100 can be saved in a Cash ISA. You can also transfer existing cash ISA balances from previous tax years.
  • Check that you have written down the whole fund name correctly from your Fund Key Features document. You should also ensure that your cheque is made payable to Legal & General followed by the account holders name and it is signed and dated. Failure to do this could result in a delay or returning of your top-up.
  • Please note that if you have not invested into your ISA during the last tax year, you will be required to complete a new application form.
  • If you need any help with completing this request you can call The Investor Portfolio Service team on 0845 272 0089; please note Legal & General are unable to give financial advice on this number. Lines are open between 9am and 5.30pm, Monday to Friday. Call charges will vary. Calls are recorded and may be monitored for security, quality control and training purposes.

The application for the additional investment must be in the same name(s) as the original investment and be investing in the same funds as the original investment.

By using this guide Nationwide has not provided any advice on whether this increase in your investment is appropriate. If you require advice on making a further investment then please arrange an appointment with a Senior Financial Consultant. Your Senior Financial Consultant can only offer advice on funds sold through IPS platform.

Portfolio Bond

If you decide to top up your existing Portfolio Bond, you can:
Send a completed Portfolio Bond application form and a cheque to

The Investor Portfolio Service
Legal & General Group Plc
PO Box 1112
Chelmsford
CM99 2UX

You will need to read the following documents: Portfolio Bond Key features (PDF - 162KB) and Portfolio Bond Funds Key features (PDF - 139KB) and Portfolio Bond Guide (PDF 921KB).

Cheques must be made payable to Legal & General followed by the account holders name e.g. “Legal & General – Mr J Smith”

The processes detailed above should only be used where you are increasing a holding in a fund you already have. If you are looking to invest in a different fund or change the owner, this should be treated as a new investment and you should contact your Senior Financial Consultant.

By using this guide Nationwide has not provided any advice on whether this increase in your investment is appropriate. If you require advice on making a further investment then please arrange an appointment with a Senior Financial Consultant. Your Senior Financial Consultant can only offer advice on funds sold through IPS platform.