Nationwide L&G Stocks and Shares ISA Letter

RickyB2007

Hi,

I recently got a letter from Nationwide saying they were doing a review into how they sold Legal and General Stocks and shares ISAs and whether the level of risk was made clear. I can't find the letter at the moment and when I rang Nationwide they didn't now anything about it. They suggested I contact my branch, but before I do so, has anyone else received this letter so that I know what I'm talking about?!

Thanks.

dunstonh

I recently got a letter from Nationwide saying they were doing a review into how they sold Legal and General Stocks and shares ISAs and whether the level of risk was made clear. I can't find the letter at the moment and when I rang Nationwide they didn't now anything about it.

These things are done centrally. So, the branches and call centres would not know.

They suggested I contact my branch, but before I do so, has anyone else received this letter so that I know what I'm talking about?!

These letters are usually issued because of concerns over missing or poor documentation that may have led to the wrong outcome. So, effectively, they are asking you if you have any concerns about the sale and if you do they will investigate it. An awful lot of these have been going out on different things over the last few years. It isnt something to be concerned about unless you yourself are concerned or believe there was something wrong.

RickyB2007

dunstonh wrote: »

These things are done centrally. So, the branches and call centres would not know.



These letters are usually issued because of concerns over missing or poor documentation that may have led to the wrong outcome. So, effectively, they are asking you if you have any concerns about the sale and if you do they will investigate it. An awful lot of these have been going out on different things over the last few years. It isnt something to be concerned about unless you yourself are concerned or believe there was something wrong.

Thanks for that reply. I do have an issue with how it was sold, but the call centre did say to call the branch. I got the feeling I was being fobbed off, but I'll ring them next week when they're open.

Thanks again.