The Government wants the Post Office to offer a wider range of financial services products and become a more significant player in the mortgage market.
The Government has opened a public consultation on what it calls "this Great British institution" to seek views on how it can operate in the future. Business Secretary Lord Mandelson says: "Growing financial services at the Post Office will help secure the future of the network and give people access to a full range of banking products at an institution they trust and value." Other proposals include forging a closer link between the Post Office and credit unions, making it easier for credit union account holders to access their accounts when not in their local area. Mandelson says ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
