Abbey National PLC is a provider of an extensive range of financial services to individuals and institutions. Retail Banking provides mortgages, savings products, personal bank accounts, travelers' checks, foreign currency and general insurance; Wholesale Banking comprises a commercial banking business (including its asset financing, commercial lending operations, securities financing and risk management activities), a large Investment portfolio and the Company's Treasury; Wealth Management business focuses on the provision of financial services to higher-net-worth individuals; Life Division markets and sells pension and investment products under the Scottish Mutual name, and protection contracts under the Scottish Provident brand; First National is Abbey National's finance house arm; European Operations business specializes in providing a range of residential mortgages, including fixed and variable products, for France and Italy.