Elderly people would be given a "sense of security" if high street banks returned to financial advice, according to a Financial Conduct Authority (FCA) paper.
Elderly people are comforted by visiting their bank branch and would benefit from face-to-face advice from a bank manager, according to a paper from the regulator entitled The ageing population and financial...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected