"Reflecting the feedback from our intermediary partners, we can confirm we will now be working to a weekly payment run."
Procuration fees for product transfers will be paid on the second Monday of each month.
Ian Andrew, director of intermediary relationships at Nationwide, said: “With an ongoing programme of investing in our systems and reflecting the feedback from our intermediary partners, we can confirm we will now be working to a weekly payment run.
“This will increase the frequency and significantly reduce payment times for fees to brokers, regardless of the club or network used.”