HSBC has chosen eight funds from five fund managers – Fidelity, Gartmore, Invesco Perpetual, JPMorgan Fleming and Schroders – to offer its eight million customers. Advice will be given by qualified financial planning managers across 1600 branches on the selected funds, alongside the bank’s own products.

Mike Watson, head of savings and investments at HSBC Bank, says: “The fund houses were chosen after a rigorous qualitative and quantitative research into investment performance and fund range, but also on their levels of customer service and care.”

He adds that in the changed landscape the multi-tie proposition is a strong one and the relaxation of the rules gives the previously tied banks an opportunity to compete more rigorously with the IFAs for investment business. “It also gives our customers greater choice based on the powerful research capabilities that HSBC can bring,” says Mr Watson.

Funds will be monitored to ensure that they comply with HSBC’s investment criteria and can be moved if the fund fails to do so at any time.

PLEASE ENTER YOUR DETAILS TO WATCH THIS VIDEO

All fields are mandatory

The Banker is a service from the Financial Times. The Financial Times Ltd takes your privacy seriously.

Choose how you want us to contact you.

Invites and Offers from The Banker

Receive exclusive personalised event invitations, carefully curated offers and promotions from The Banker



For more information about how we use your data, please refer to our privacy and cookie policies.

Terms and conditions

Join our community

The Banker on Twitter