Moneynet.co.uk questions price comparison site

Tesco Personal Finance and Royal Bank of Scotland’s proposal to launch a price comparison website throws up impartiality issues, says Moneynet.co.uk.

Richard Brown. managing director of Moneynet.co.uk, says: “We pioneered the idea of personal finance product comparison back in 1997 and have gone to great lengths to ensure our independence and impartiality.

“It will be interesting to see how product providers such as Tesco Personal Finance and RBS square the inevitable conflict between selling their own financial products and promoting those of their competitors.”