"We have long valued the support and hard work of our intermediary partners and we are pleased to be in a position now to roll out retention procuration fees."
The fees will be launched simultaneously to all intermediaries, with no phased roll-out.
Nationwide says it is on track to launch procuration fees for retention business for Nationwide prime members later in the summer.
Paul Wootton, Managing Director of TMW, said: “We announced that we would be offering procuration fees for retention business earlier this year, and we are now able to do so for TMW. We have long valued the support and hard work of our intermediary partners and we are pleased to be in a position now to roll out retention procuration fees.”
