Tesco Personal Finance to open Glasgow call centre
Tesco Personal Finance (TPF) looks set to move its insurance operations to Glasgow and is expected to announce plans to create up to 800 jobs in the city.
According to reports, a new customer service centre is scheduled to open in 2010 at Broadway One in central Glasgow, part-funded by a £5 million Scottish Government grant.
The supermarket giant, which is currently pursuing ambitions in the retail banking sector, has already created new TPF jobs in Edinburgh.
The group is proposing to open bank branches in 30 of its stores by the end of this year, having become sole owner of TPF (previously a 50/50 joint venture with Royal Bank of Scotland) in 2008.
TPF already offers credit cards plus savings and insurance products and initially the new banking arm will focus on these areas of the market.
However, the retailer has plans to launch a current account in late 2010 and possibly expand into mortgages.
Last month The Financial Times reported that the group was considering applying for a separate credit rating for TPF.
Such a move would allow the unit to fund a mortgage business by borrowing on the wholesale money markets, rather than through its parent company.
Category: Companies News, Employment News, Insurance News
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