Starling says no: Bank declines IFA business but says advisers play 'valuable role'

Advisers consider leaving challenger bank

Sophie King
clock • 3 min read

Starling Bank has said that advisers play a 'valuable role' within the financial services community, despite its unexpected decision to stop trading with regulated financial services professionals.

On Thursday (11 February), it was revealed that Starling was no longer working with regulated financial services business, leaving many advisers bemused with the decision.  Rosewood Financial Planning director Charlotte Wood told Professional Adviser that she applied for a limited company account only to be declined. She already holds a sole trader account and banks with Starling personally. In an email sent to Wood and seen by PA, Starling said: "Unfortunately we're not able to give you any specific details, but we understand that you'll probably be keen to know more. "Starling is...

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