Natwest 'moneysense' advisers

Aloreth

Aloreth

Aloreth

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16 Aug 2005
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Everyone knows that the days of the IFA are on their way out, Natwest are the first of the banks to rebrand and bring out 'Moneysense' advisors. The advert claims that they will not try and sell anything to the client.

I was wondering if these 'non-salesmen' were on any kind of commission (i.e. if they do sell something do they get a %?)

Anyone work for Natwest and able to answer my question?
 
I can't stand that "money sense" advert. If I want advice, I’ll ask for it thank you very much. :mad:
They're just there telling you what is common sense. If you need an 80 year woman who went on a two week course telling you to shop for your utilities then you deserve to be in debt. I might be jumping on the bandwagon here, but, I don’t think they can offer us advice on something we already know.
 
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Ricochet J said:
I can't stand that "money sense" advert. If I want advice, I’ll ask for it thank you very much. :mad:
They're just there telling you what is common sense. If you need an 80 year woman who went on a two week course telling you to shop for your utilities then you deserve to be in debt. I might be jumping on the bandwagon here, but, I don’t think they can offer us advice on something we already know.
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You = intelligent.
OcUK people = generally intelligent.
Public people = generally not.

For example, none of my friends understand how credit cards work.... so....
 
It's free advice that you have the choice in taking. It's not just about having money sense, I bet they probably go as deep as to explain or give advice on how easy it is to shop around/lower outgoings as I would imagine it's the worry of having to do it that stops people.

This isn't going to affect IFAs though...
 
I bet they try to sell you cheaper car insurance, home insurance, finance insurance, life insurance, you get the drift.

They are not going to pay people just so they can tell you to cancel sky tv.
 
"You should do this, but not this, makes sense right? Now, Natwest can help you through this by doing it this way and NOT that way...have a think about it. Thought about it? Steven will be with you in 5 minutes".

Probably some sort of way of 'warming up' future customers. :o
 
meghatronic said:
You = intelligent.
OcUK people = generally intelligent.
Public people = generally not.

For example, none of my friends understand how credit cards work.... so....
Click to expand...

haha, saying that i had a friend that didnt know why he got told he had to pay back his overdraft.

back on topic, the adverts dont exactly make you think you'll be getting any useful help
 
i got a letter from the natwest about 6 months ago saying "i could save you money"

Went there and had a woman lecture on high overdraft (not being used just a high limit), then says your main savings are in an ISA and thats good and told her my other savings are held elsewhere and that was it, a waste of 30mins.
 
why not shop around on car insurance? :cool: rofl how stupid can people get. surely a leaflet would just be as good as someone asking generic questions everytime and looking at your direct debits and suggesting you cancel or try and reduce them.
 
meghatronic said:
You = intelligent.
OcUK people = generally intelligent.
Public people = generally not.

For example, none of my friends understand how credit cards work.... so....
Click to expand...

ROFL

OcUK people = generally intelligent.

You've got over 7k posts, surely you've noticed that generally speaking that is not the case! :)
 
arent the moneysense advisors actually from the CCCS, which is a charity organisation?
 
TheVoice said:
It does concern me that people don't know basic stuff like this. Saying that, my housemate didn't know what a spanner looks like until the other day.
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This was at the pub, and some people thought that you had to pay back a certain % of the balance... and this was the "APR". I.e. you could buy a £1000 tv, and it'd cost you 24.9% back a month "for the life of the card". WTF.

stoofa said:
ROFL

OcUK people = generally intelligent.

You've got over 7k posts, surely you've noticed that generally speaking that is not the case! :)
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Best not to bite the hand that feeds you....
 
meghatronic said:
This was at the pub, and some people thought that you had to pay back a certain % of the balance... and this was the "APR". I.e. you could buy a £1000 tv, and it'd cost you 24.9% back a month "for the life of the card". WTF.
Click to expand...

Wow, that's worrying.

"For some reason there's more money going out than coming in. I dont understands! Debt Matters, can you get me back in the black?"
 
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