Thank you, Money Marketing, I never imagined that your paper would ever give me a good belly laugh but the headline in your June 14 edition certainly did.
So Barclays think they are going to take business away from IFAs? Excuse me while I wipe away my tears of mirth.
Hardly a day goes past that banks are not castigated in the national press and on exactly the same day as you published Barclays’ plan, the headline in my daily paper was, Banks are accused of overdraft fee racket.
I don’t think that IFAs have much to fear from banks as long as we have the press writing these sort of headlines.
I have yet, in my rather extensive experience (as customer in both industry and financial services and as a professional adviser), to come across anyone who has a good word to say about a high-street bank. I am sure there is always a first time but I am still waiting.
I have already seen financial planning efforts that Barclays has produced and am not impressed. It was nicely bound, though.
The most amazing thing for me is how employees and executives of these big organisations can be so out of touch with reality. If this is the only thing that IFAs have to worry about, I do not think they will be needing sleeping pills.