Banks muscle in on robo-advice market

Big banks preparing to offer robo-advice

Nicola Brittain
Banks muscle in on robo-advice market

Several of the UK's biggest banks are preparing to offer types of automated advice - known as robo-advice - in a bid to reconnect with lower value mass market customers they spurned following the Retail Distribution Review (RDR).

Royal Bank of Scotland, Lloyds and Santander UK, are developing their online advice offering, with the first to launch within the next two months, according to the Financial Times. The advice wo...

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