Lloyds TSB private banking expands offers

Money News

www.moneynews.co.uk > Banking > Lloyds TSB private banking expands offers

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Lloyds TSB private banking expands offers

Lloyds TSB Private Banking is to offer its private banking clients the choice of paying a fee or having advice on commission as part of a new financial package.

The move will take full advantage of the new Financial Services Authority (FSA) rules and will be "highly competitive", Lloyds TSB has promised.

From June 1st onwards Lloyds TSB Private Banking clients will be able to pay what the firm says is a competitively priced fee of £195 (inclusive) per hour for expert financial advice or alternatively continue to pay by way of commission.

The initial discussion is free of charge, with charging only kicking in from when the adviser begins to explore the needs of the client in more depth.

Mark Cheshire, chief executive, Lloyds TSB Private Banking said: "The financial needs of wealthy clients are unique and getting the best possible advice about what to do with their money is a must for them.

"By offering the option of a fee based service, our clients can feel confident that they are receiving advice without any bias."

Lloyds TSB Private Banking also offers "no purchase - no fee advice", meaning there is no charge if the client decides not to take the advice put forward.

Related News : Banking

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : LloydsTSB

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet