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Allied Irish Banks cancels internet bank plans

Allied Irish Banks has announced it is scrapping plans to establish a stand-alone internet bank, citing the failure of other internet banks as its reason.

It says the market is not big enough to support stand alone banks and instead it will expand its existing internet presence instead.

AIB head of electronic banking Billy Andrews says: “We have found that the integrated bricks and mortar approach is working, and the whole experience of that seems to be good.”

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

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