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NatWest in 'MoneySense' shocker...
edited 30 November -1 at 1:00AM in Savings & Investments
44 replies 4.8K views
(Full article: http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=179530&d=pnd2&h=pndh2&f=pndf2 )Natwest MoneySense advisers pushed own loans
NatWest's MoneySense advisers promoted the bank's own mortgages on two out of five occasions when mystery-shopped by Money Marketing despite the bank advertising the service as "impartial" non-sales advice.
Is anyone really surprised?
I find the NatWest 'MoneySense' concept a little nauseating, to be honest.
I think a recent survey of the major banks in the UK found that 100% were planning to offer "full advice" within three years. However, this was before the 'credit crunch' (etc.) exposed them as clueless charlatans...
Has anyone had a good experience with 'MoneySense', or indeed, any bank sales force? (Sorry, I mean 'adviser'?)
For the avoidance of doubt: I work for an IFA.
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