Financial services win booby prize for most complaints

clock

Britain's financial services companies are bottom of the league when it comes to customer service, according to a survey published this morning.

Nearly a third (28%) of respondents to a YouGov poll complained most about the banking industry in the past year, outstripping dissatisfaction with the utilities sector, which drew objections from 23% of respondents, writes the Independent. Retailers and restaurants were in third place at 21%, the survey shows. The "Big Five" banks are facing increasing pressure over poor customer service. Taken together, Lloyds, Royal Bank of Scotland/NatWest, HSBC, Barclays and Santander last year doubled the profits made from their High Street customers. But more than a million people made compl...

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 Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read