Banks and fund managers prepare assault on UK platform marketRSS icon

Written by Money Marketing

Technology firm Altus director Kevin Okell says improving technology will allow banks to access clients lost with the decline of bancassurance post-RDR. He says: “The banks have a lot of retail customers they can’t get at post-RDR. They already look after customer deposits so it should be an easy step where they have a customer relationship to get them looking at longer-term saving products. The Nisa rules breaking down barriers between cash and stocks and shares also creates an opportunity for those with a banking licence.”

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