Packaged and Current Accounts - UK - June 2011
- What impact will changing population dynamics have on the market?
- Who’s most likely to switch their current account, and to where?
- Are supermarkets and current accounts really a good fit?
- Are providers making the most of cross-selling opportunities?
With a final report due to be published at the end of 2011, one of the key goals of the Independent Commission on Banking is to help foster a more competitive UK current account environment. At the moment proposals include the introduction of portable account numbers to help make switching easier for consumers and requiring the Lloyds Banking Group to sell off more branches than the 600 it is already being forced to divest under state aid rules.
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