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.”
UK finance is changing forever. Sweeping reforms promise a new era for the sector: one that’s more open, more regulated and, potentially, far more collaborative. All this is very good news for SMEs.
It may be a while before pension funds ask their asset managers whether they use blockchain, says Ben Cocks
2017 proved quite an eventful year, with an increase in the number of participants and the volume of transfers.