Firms still not treating customers fairly

clock

Only a third of Britons feel they are treated fairly by financial services companies, despite the ‘treating customers fairly' (TCF) implementation deadline being only two months away, according to a survey by Teamspirit.

The survey of 2,000 people by the marketing agency found only one in 10 (11%) thought loan companies treated them fairly, while 15% said the same about investment firms. A further 31% said credit card companies treated them fairly, compared with 34% for insurance companies and 35% for direct/online banks. High street banks and building societies performed better, receiving 53% and 56% respectively of public confidence that they are treating their customers fairly. Jo Parker, managing director of Teamspirit, says the results show many financial services companies may be under-prepar...

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

Azets Wealth expands in South West with Evans Falco acquisition

Azets Wealth expands in South West with Evans Falco acquisition

Evans Falco will join Azets’ operations later this year

Sahar Nazir
clock 06 November 2025 • 1 min read
SJP firm Twelve Wealth Management acquires fellow partner practice

SJP firm Twelve Wealth Management acquires fellow partner practice

Managing director Matt Smith joins the firm

Isabel Baxter
clock 05 November 2025 • 1 min read
More than half of advisers view compliance as their main challenge

More than half of advisers view compliance as their main challenge

Fidelity Adviser Solutions finds

Sahar Nazir
clock 05 November 2025 • 2 min read