Joint research from the National Consumer Council and consultancy Policis
Some six million basic bank accounts have been opened in the last five years, however, around half of low-income earners still prefer to manage their money in cash because these accounts still do not meet their needs, research suggests.
Furthermore, evidence suggests those with accounts are actually more likely to be in arrears with household bills. NCC says this is because the design of the basic bank account is flawed, not actually enabling people to keep track of income and expenditure in order to avoid debt.IFAonline
Cowardly, boring or sensible
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups