A switch in time: The evolution of Britain’s personal current account market

Join us for a panel event to launch new research from the Social Market Foundation (SMF) on competition in the current account market.

Despite efforts to encourage customers to switch their current accounts, questions remain over levels of competition in the current account market.

This new research, explores how competition in the personal current account market has evolved over the past 20 years, tracking measures of competition across reports for the first time since Don Cruickshank’s report on competition in UK banking in 2000. The research assesses whether repeated inquiries and their attendant interventions have had any impact.

Panellists will discuss the research findings as well as the potential impact of the Competition and Markets Authority’s long-awaited final report into the retail banking market.

This research is kindly supported by Bacs, the operator of the Current Account Switch Service, which celebrates its third anniversary this September.


Stephen Hammond MP 

Claer Barrett, Personal Finance Editor, Financial Times (Chair)

Professor Alasdair Smith, Chair of the Competition and Markets Authority’s Retail Banking market investigation

Mike Chambers, Chief Executive, Bacs

Emran Mian, Director, SMF


Date and time
Thursday 8 September 2016
09:00 – 10:00

A light breakfast will be served from 08:30

British Academy
10-11 Carlton House Terrace
London SW1Y 5AH


If you have any access requirements or if you would like any further details please contact the SMF’s events officer Hannah Murphy on hannah@smf.co.uk