Financial Times FT.com

Banks hit as Brits turn to internet for advice

By Steve Lodge

Published: January 20 2008 23:43 | Last updated: January 20 2008 23:43

Banks have suffered a ­dramatic drop in demand for financial advice as Britons increasingly manage their money using the internet.

Only 4 per cent of individuals still see their bank as their main financial adviser, down from 28 per cent in 2003.

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