When you invest with us you can relax knowing that your hard-earned
money is being managed by a secure financial institution with strong
parental backing.
And because our products are cash deposits, and are not linked to
stock markets, your investment will not be subject to the roller
coaster ride associated with equity-based investments.
Strong Family Connections
Irish Nationwide (IOM) Limited is a wholly owned subsidiary of the
Irish Nationwide Building Society. Being wholly owned by our parent
means that your investment is fully backed by the substantial resources
of the Society.
The Society is a traditional building society and its core activity
is secured mortgage lending in Ireland and the United Kingdom. It
is one of Ireland’s oldest (established 1873) and strongest
financial institutions. As an indication of its profitability and
efficiency it consistently achieves one of the lowest cost/income
ratios of any similar financial institution. Our parent’s
latest Annual Accounts can be viewed at www.inbs.ie.
Stringent Regulation
We are licensed to conduct Banking Business by the Isle of Man Government
Financial Supervision Commission.
As such we are required to submit ourselves to the regular scrutiny
of our Regulators and to comply with strict financial controls.
The sole purpose of this stringent regulation is to protect your
investment and to ensure that the highest ethical and professional
standards are applied to our dealings with you.
Confidentiality
We fully understand that customer confidentiality is of paramount
importance when investing.
For your peace of mind, Irish Nationwide (IOM) Limited is registered
under the Data Protection Act 2002 (Isle of Man legislation). This
requires us to collect only the personal data necessary to maintain
our business relationship with you and to ensure your personal data
is processed in accordance with your rights. Unless you have authorised
us when completing the new account application form, or specifically
in writing, your personal data will not be used for marketing purposes
and will not be disclosed or sold to any third party.
Depositor Protection
In the unlikely event that INIOM is unable to meet its liabilities,
in the first instance Irish Nationwide Building Society will be
required to cover any shortfall.
In the even more unlikely event that the Society is unable to fully meet INIOM's outstanding liabilities, Irish Nationwide (IOM) Ltd. is a member of the Depositors' Compensation Scheme as set out in the Compensation of Depositors Regulations 2008.
For further details of this Scheme, you should write to:
The Scheme Manager
Depositor Compensation Scheme
PO Box 58
Finch Hill House
Bucks Road
DOUGLAS
Isle of Man
IM1 3DF
British Isles
Please note that deposits made with Irish Nationwide (IOM) Limited
are not covered by the Financial Services Compensation Scheme established
under the UK Financial Services and Markets Act 2000.