Overview

What's changing?

What's changing?

Current charging structure

You currently pay an IPS Platform Charge that is a variable percentage, depending on the total value in your IPS account.

Charging structure from 1 April 2016

The variable Platform Charge will be changed to a fixed percentage charge, which is calculated annually and paid monthly, based on the value of your holding. Any other charges on your account will continue unchanged. 

*LGIM = Legal & General Investment Management.

How the changes affect you

These changes mean you could pay higher or lower charges after 1 April 2016.

Your existing IPS Platform Charge varies depending on the value of your holding. The new charge is a percentage fee for all customers and the rate has been set to reflect the cost of the ongoing administration of your investment, and transacting on your behalf with the individual Fund Managers.

What happens next?

You don't have to do anything as the changes will happen automatically on 1 April 2016.  However, it's important to make sure you understand the changes and how they affect you. For an easy-to-follow explanation of how the charges have changed and why, see our video and the rest of the information in these pages.

All the information you need

The investments we offer are provided by Legal & General, who have written to you to explain the changes. Find out more about your letter from Legal & General.

Find out more

Check our FAQs for more information, or get in touch.

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Speak to someone about the changes

If you’d like to know more about the new charging structure, please call Legal & General on:


0345 272 00 89*
Monday to Friday 9am to 5.30pm


Please note: Legal & General are unable to give financial advice on this number.


*Calls may be recorded.

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Discuss your options

If you’d like to speak to Nationwide about your options, please call:
 
0800 587 33 72 
Monday to Friday, 9am - 6pm

Alternatively, please email our Financial Planning team.

THE VALUE OF YOUR INVESTMENT CAN GO DOWN AS WELL AS UP SO YOU MAY GET BACK LESS THAN YOU ORIGINALLY INVESTED.

FAQs