'Bring it on' - advisers react to NatWest's return to advice

The Royal Bank of Scotland brand's robo service is designed for customers with as little as £500 to invest as a lump sum, for a process fee of £10 and further 0.95% in fees for the investment, platform and advice charges. Natwest's move is the first real sign of a meaningful return to the advice sector by the high street banks since the Retail Distribution Review (RDR) led them to rethink their involvement in the space. Advisers canvassed by PA, however, seemed either to relish the challenge of the banks' return or dismiss it as a threat. "I don't think it will affect advisers at all ...