Quote:
Originally Posted by ianch99
Yes, there are laws and regulation for the plebs and there are those for the "special" people
Seriously though, if you are going down this road then it is discriminately to reject someone because they have less than the required £3m in savings
|
I’m pretty sure that allowing/barring individuals from specific financial products based on their ability to service them at a specified level is actually a feature of the entire banking system rather than an act of discrimination. It’s the very reason why the regulations require banks to offer ‘basic banking’ accounts, so that those who don’t match anyone’s criteria aren’t excluded from the system.
(I suspect, without having looked into it, that those basic products are considered to have been adequately delivered as long as they’re available somewhere within the bank’s business, without having to be replicated under each subsidiary brand the business operates).