The Post Office is to amalgamate its range of financial products under a new brand in its bid to become a leading 'challenger' in UK financial services.
The state owned entity is soon to announce it will to distribute its products under new umbrella brand Post Office Money, while planning to double in size by 2020, according to Sky News. The business currently offers financial products to around six million customers, including insurance, mortgages, savings accounts and foreign exchange, some of which are provided through a partnership with Bank of Ireland. Further products, including a new range of current accounts, are expected to follow. Director of financial services Nick Kennett told Sky News: "Consumers want a choice about ho...
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