Unbiased? What's behind the latest adviser concerns?

Advisers question transparency

Victoria McKeever
clock • 4 min read

Questions have been raised about the fairness of some of adviser directory Unbiased's latest features, including its 'response rating' tool. What's behind the unrest?

'Unbiased' - the clue is in the name. Yet advisers and a consultant have doubts the company is living up to its promises. One feature in particular is seen as a sting in its tail. As The Yardstick Agency founder Phil Bray - a former marketing director at adviser network Sense - found in his recent research, the directory's 'response rating' tool may be awarding higher scores to some firms irrespective of their actual responses to enquiries. For instance, accepted enquiries seemed to rate higher than declined ones. The response rating feature was launched in February as a consumer g...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read