To give you access to the funds, monitor market conditions and negotiate reduced charges and fees on your behalf, we need to charge you.
The cost break down and explanation of charges is shown in Nationwide's Online Tariff of Charges. You should read this document before starting your application. Read and save Tariff of Charges (for online customers not receiving advice from a Nationwide Financial Adviser).
When you complete your investment application, Cofunds also create an IPS Cash Account for you. This cash account is used to pay your charges. Full details on this can be found in the IPS Terms & Conditions and your options on how to fund the cash account are given once you proceed into the application.