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Return of banks to retail financial advice will improve access for consumers

07 January, 2016

ifs University College, a leading provider of qualifications to the banking and finance industry, has welcomed the decision by leading retail banks to re-introduce financial advice provision to a broader base of retail customer.

Both Santander and RBS have confirmed plans to re-enter the sector in order to better serve their customers and provide means by which they can access the investment market.

Martin Day, Vice Principal at ifs University College said:

The FCA’s Financial Advice Market Review has highlighted the need for wider access to financial advice and recent high-profile reforms, such as the new pensions freedoms, are only going to increase demand for this.

Major banks re-introducing retail financial advice services, combined with any recommendations resulting from FAMR, are a step towards meeting this demand and helping to ensure positive outcomes for consumers and the industry as a whole.”

ifs University College provides a range of qualifications and professional services to the regulated advice sector. For more information please visit: