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Intelligent Finance calls for regulation of Best Buy tables

Intelligent Finance is calling for Best Buy tables to be regulated on the principle that the customer&#39s entire banking arrangements should be taken into account.

The new telenet bank from the Halifax claims that consumers with two or more banking products would be better off with them than shopping around for supposedly the best buy on an individual product basis.

Intelligent Finance chief executive Jim Spowart says: “The &#39relationship&#39 principle means that profit is only taken from one side of the balance sheet and ensures that consumers are not charged huge rates for borrowing whilst being paid poor rates on savings.”

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