NatWest to launch robo-advice service for five million customers

Under NatWest brand

Jayna Rana
clock • 2 min read

The Royal Bank of Scotland Group is to launch a new robo-advice service for more than five million NatWest customers on Monday.

The service is designed for customers with as little as £500 to invest as a lump sum, for a process fee of £10 and further fees for the investment. It aims to help customers who lack confidence to invest alone but without the high fees otherwise charged for in-depth financial advice such as tax and inheritance planning. The launch comes as other banks such as HSBC prepare to unveil similar services as a means to offer more investment products to customers and increase revenue in the current low interest rate environment, according to the FT. David Stevenson: Robo-advice - the big b...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Technology

Open arms or cautious welcome? Why AI in advice cannot be ignored

Open arms or cautious welcome? Why AI in advice cannot be ignored

'Putting aside the hype, AI is here to stay'

Jenny Thorpe
clock 25 March 2025 • 3 min read
'What about Maud?': When it comes to tech, don't underestimate older clients

'What about Maud?': When it comes to tech, don't underestimate older clients

Tech adoption among older people was accelerated by the pandemic

Rowan Whittington
clock 19 March 2025 • 4 min read
Better access to advice in a rapidly digitalising world

Better access to advice in a rapidly digitalising world

'Adviser tech has moved on in leaps and bounds this decade'

Chet Velani
clock 19 March 2025 • 4 min read