Principality Building Society is partnering with Legal & General as the main provider of financial services advice and products when the FSA’s Retail Distribution Review (RDR) is implemented in January 2013.
The arrangement will also include Individual Protection and Structured Deposit products.
Stuart Deane, managing director of distribution at Principality, said: “As a mutual society, we are fully committed to offering a comprehensive range of services to all our Members and customers and making sure these are available where they are needed, on the local high street.
“At a time when other financial service providers are withdrawing face-to-face financial advice, we are confident that we have designed a strong post-RDR solution that meets the needs of our members.”