Barclays plans to launch a new personal financial management (PFM) software for its customers, Barclays Money Tools, including a range of financial management options.

Barclays Money Tools aims to offer spending and income analysis tools, to enable customers to set their own savings goals and provide income expenditure features.

Plans are in order to make the service available to Barclays’ Premier customers in December, before it is rolled out to the lender’s 4.5m retail customers in January 2013.

In January 2011, Barclays closed its advice arm, Barclays Financial Planning, and exited the advice market for retail customers and Barclays no longer gives retail clients advice through its branch network.


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