01 Nov 2023

Simplified Process for Acceptance of Product Transfers

We are delighted to inform existing and new brokers that the Society has launched a simplified process for acceptance of product transfers, which can be submitted online up to four months in advance of maturity.

We’re continuously looking for ways to improve the broker experience when engaging with our Society and the new process simplifies the transfer request with less paperwork and no need for “wet signature” to confirm acceptance, (clients will only need to contact the Society if they do not wish to proceed with the offer).

We challenge ourselves to provide an outstanding broker experience, and this new service will deliver great efficiencies for our brokers and positive outcomes for our members.

The Society offers procuration fees of 0.30% on all completed product transfers up to a maximum of £1,500, the competitive range for existing members offers lower interest rates and fees than new business.