How will banks navigate the investment advice market minefield?
According to an article in the Financial Times yesterday, Santander UK is the first of the “High Street” banks to re-enter the investment advice market. This comes three years after the majority of banks exited the market because of the costs of complying with the Retail Distribution Review (RDR) regulations, which prevented banks from making money from commissions earned when selling investments, and selling unsuitable investment products to retail customers.
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Originally published at wiprodigital.com on January 8, 2016.