Key facts about our services
The Financial Conduct Authority (FCA)
Nestegg Financial Services is authorised and regulated by the FCA – the independent watchdog that regulates financial services. It has set guidelines and principles that we endorse. You can check our details on the register by visiting the website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
The cost of our services
Nestegg charges a fee for its services. Your consent will be requested beforehand – which means no hidden surprises.
A fee will apply if you decide to go ahead. If you decide not to go ahead following our recommendation – the charge for the advice you’ve received will be invoiced accordingly. This doesn’t apply to Partnership mortgages.
Fees shown exclude VAT (which may be chargeable in some instances).
If you opt for Nestegg’s ongoing review service – an ongoing fee will apply and continue until you withdraw your consent. You can withdraw at any time by letting us know in writing and we’ll stop the ongoing fee the day we receive your instruction. Please note any outstanding arrears will though need to be settled.
Which service will we provide you with?
Independent advice – We will advise or make recommendation after we have assessed your needs. Our recommendation will be based on a comprehensive and fair analysis of the market. The advice you receive will include evaluation of your circumstances and/or specific recommendation for an appropriate solution.
Your payment options
Fees can be paid directly by you.
Alternatively, many clients prefer our fee to be collected directly from their product (where appropriate) – known as an adviser charge. This can be collected via the platform provider.
With either option we’ll agree and confirm the basis beforehand and provide you with an example.
Are we covered by the Financial Services Compensation Scheme (FSCS)?
Yes we are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
Most types of investment business are covered for 100% of the first £85,000.
Further information about compensation scheme arrangements is available from the FSCS by visiting the website www.fscs.org.uk.