View more on these topics

Scottish Widows Bank joins PMS savings panel

Brokers with PMS are now able to access savings products from Scottish Widows Bank.

Development director at PMS
Martin Reynolds

Brokers will receive ongoing annual commission paid on a quarterly basis for the lifetime of the account balances.

The savings product range includes the E-Cash ISA, the easy access Direct Transfer Account and one-year and five-year fixed term deposit accounts for personal or pension funds.

Martin Reynolds, development director at PMS, says: “Providing a cross-section of products is imperative in the current environment and PMS is committed to offering the broker market as wide a choice as possible.”

Gordon Bowden, sales and marketing director at Scottish Widows Bank, says: “We are delighted to be joining the PMS savings panel. 

“This is a great opportunity for us to work with PMS to promote our commission paying savings accounts to the broker market. 

“Our savings accounts offer customers good interest rates and flexible easy access and fixed term savings options while offering advisers an attractive rate of commission and a steady income stream.”

Recommended

Politicians urged to speak up on benefits of private rented sector

The British Property Federation is asking for more vocal political support for the private rented sector as it says the country is likely to turn to landlords to plug the housing supply gap. The trade body argues that with home ownership out of reach for many consumers at the moment there will soon not be […]

Oldham the cheapest town for first-time buyers

First-time buyers should head for Oldham, where the average monthly mortgage payment once they can raise a deposit is the lowest in England & Wales at £353 a month, shows analysis from realpricecomparison.com shows.

Newsletter

News and expert analysis straight to your inbox

Sign up