The Retail Financial Services Sector
The retail financial services sector provides services in the form of retail banking which includes current accounts, deposit accounts, credit cards and lending. Insurance services may cover the range of life assurance and protection solutions for area such as critical illness cover, medical insurance, motor insurance, property insurance, mortgage protection and income protection. Financial planning and advice services cover in assisting individual to understand and plan for their financial future. Pensions may include the investment accounts designed to capture savings during a working life of a person and provide benefits on retirement. Investment services ranging from execution only stockbroking, wealth management service and private banking.
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