Cater Allen

Cater Allen Private Bank is a private bank in the United Kingdom and a wholly owned subsidiary of Santander UK. The bank provides banking and savings products to individuals, businesses and professional intermediaries.[1]

Founded in 1816, Cater Allen is one of the longest-established private banking institutions in the United Kingdom.[2]

The bank operates as part of the Santander UK group, which is itself owned by the Spanish banking group Banco Santander.[3]

History

Cater Allen traces its origins to a banking business established in Blackburn, England in 1816.[4]

During the nineteenth and twentieth centuries the bank developed a reputation for providing private and intermediary banking services to professional advisers and their clients.[5]

In 1997 the business was acquired by Abbey National, forming part of Abbey National’s private banking operations.[6]

Following the acquisition of Abbey National by Banco Santander in 2004, Cater Allen became part of the Santander banking group.[7][8]

Today Cater Allen operates as a specialist private banking brand within Santander UK.[9]

Operations

Cater Allen operates as a specialist banking division within Santander UK, providing current accounts, savings accounts and deposit products for personal and business customers.[10]

A significant part of the bank’s activity is conducted through professional intermediaries such as accountants, solicitors and financial advisers who introduce or manage banking relationships for their clients.[11]

This intermediary model is commonly used in financial arrangements such as estate administration, trust management and pension structures where professional advisers act on behalf of clients or beneficiaries.[12]

Services

Cater Allen provides a range of banking services including:

The bank also supports banking arrangements linked to specialist financial structures where funds are managed on behalf of others, including trusts and pension structures.[14]

These arrangements may include banking connected with:

• Current accounts
• Savings accounts
• Fixed-term deposit accounts
• Notice savings accounts[13]

• Trust structures
• Self-invested personal pension (SIPP)
• Small self-administered schemes (SSAS)
• Estate administration by executors and personal representatives
• Fiduciary roles such as deputies appointed by the Court of Protection[15]

Intermediary banking

Cater Allen’s distribution model includes working with professional intermediaries who introduce or manage banking relationships on behalf of clients.[16]

These intermediaries may include:

This structure allows banking services to be used within legal and financial arrangements where professional oversight is required.[18]

• Accountants
• Solicitors
• Independent financial advisers
• Pension administrators
• Trustees[17]

Ownership

Cater Allen is a subsidiary of Santander UK plc, one of the largest banks in the United Kingdom and part of the global Banco Santander banking group.[19]

Banco Santander is one of the largest banking groups in Europe and operates across retail, commercial and private banking sectors internationally.[20]

See also

• Santander UK
• Banco Santander
• Private banking
• Self-invested personal pension
• Trust law
• Court of Protection

External links