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

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

'Wait and see approach'

Michael Nelson
clock 05 February 2026 • 2 min read
Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

'Catalyst' for rapid repricing

Alex Sebastian
clock 04 February 2026 • 4 min read
Partner Insight: A new VCT landscape - what advisers need to know after the Budget

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Toyin Oyeneyin, Tax Product Specialist, Octopus Investments
clock 19 January 2026 • 5 min read