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Private Banking Targets 2004…
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Date: 20th Dec 2003
LTU’s negotiations with Wealth Management regarding 2004 targets have taken place against a background of considerable change.
- The separate roles of PBAs and IFAs were merged into a new role in July.
- Wealth Management has become part of UKRB.
- Existing customers have moved into New Offers and Private Banking has become a banking rather than an investment led service.
Although recent performance has been good, according to the Bank, annual targets have not been met.
Not surprisingly 2004 target negotiations have centred on whether the Bank’s expectations are realistic and accurate. LTU and the Bank have agreed that PBIFA targets should remain unchanged for Q1 2004 but PBM targets are still under discussion.
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