6th April 2017

NS&I announced as latest provider partner for Panacea Adviser

Panacea Adviser is delighted to welcome NS&I is joining its growing roster of provider partners.

One of the largest savings organisations in the UK, NS&I has 25 million customers and in excess of £135 billion worth of investments. Established in 1861, NS&I is both a government department and an Executive Agency of the Chancellor of the Exchequer. Its most famous product is of course Premium Bonds, but it also offers a range of others savings and investments products, all with the unique 100% security guarantee for all funds invested, due to NS&I being backed by HM Treasury.

As Panacea’s latest provider partner, NS&I will provide Panacea users with a variety of valuable resources and regular insightful content on the investment and savings market. This includes the Financial Advice Barometer, a quarterly survey undertaken by NS&I to track advisers’ sentiment towards cash, how it is used within client portfolios and advisers’ views on the wider cash deposit market.

Derek Bradley, CEO of Panacea Adviser, said: “NS&I are completely different to any other partner firm that we currently work with and we are excited to welcome them to our provider community here at Panacea. NS&I’s long history is testament to its place in the UK financial services market, with so many people taking their first step into the world of savings or investment through its many products and we’re confident that it will add invaluable variety to our adviser resources.”

Andrew Pike, Head of Intermediary Relationships, NS&I, also commented: "We’re thrilled to join the Panacea community.  NS&I has been significantly increasing its engagement with advice firms over the last few years, in an effort to build closer ties with the industry. In recent months we’ve launched a new version of our dedicated website for advisers (the Adviser Centre) and a LinkedIn group (the Adviser Exchange); and been the headline sponsor for the Personal Finance Society’s awards. This new partnership with Panacea marks a crucial next step in this journey.”

Look out for more news from NS&I in the weeks to come.

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