Newcastle launches dedicated intermediary brand

Newcastle IS is aimed specifically at intermediary networks and independent financial advisers (IFAs) and will initially offer a range of deposit based savings products, including capital guaranteed structured accounts, instant access savings accounts and fixed rate bonds.

Newcastle IS will also provide flexible support to portfolio planning, allowing for bespoke products.

Its website offers a facility for submitting online applications, staged application and commission tracking, online client valuations, a sales toolkit, literature library and an online ordering system, all designed to provide advisers with a fully functional and reliable service.

For advisers who operate on a fee basis, Newcastle IS will offer the flexibility of a 'fee rebate' feature, enabling advisers to forgo some or all of their commission to provide additional allocation to their clients' deposits.

Steve Urwin, senior marketing executive for Newcastle Building Society, said: "We are delighted to announce the launch of Newcastle's Intermediary Service with a wide range of deposit products.

"Having offered these types of products via intermediaries for some time, Newcastle IS is a natural progression from this, providing a dedicated hub of support and advice for both our current and future intermediary partners.

"This new service reinforces Newcastle’s commitment to the intermediary market."