Half of financial services customers feel they are treated unfairly

1,000 people surveyed

Sophie King
clock • 1 min read

More than half of financial services customers believe providers treat consumers unfairly, according to research by digital customer feedback consultants Maru/edr.

The research, which looked into the perceptions and experiences of financial services customers, revealed about half (52%) believe firms treat consumers unfairly. The researcher interviewed 1,000 independent customers who held at least one financial product in the UK. It tested key components of the Financial Conduct Authority's (FCA) treating customers fairly (TCF) policy by questioning respondents about their experiences of financial service providers. The survey found just 45% of customers said they were asked for feedback in the previous 12 months, with more than four-fifths (84%)...

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

From the annual review to the 'always on' adviser/client relationship

From the annual review to the 'always on' adviser/client relationship

'Regular reviews will still play an important role, but clients' lives do not follow a servicing calendar'

Tessa Lee
clock 28 July 2026 • 4 min read
Number of British millionaires drops to lowest level since 2008

Number of British millionaires drops to lowest level since 2008

Estimated number of 442,000

Sophia Panayi
clock 28 July 2026 • 3 min read
Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read