Advisers' satisfaction with providers on an overarching decline

‘Whatever the reason it is clear that advisers expect better’

Hope Coumbe
clock • 1 min read

Advisers’ satisfaction with providers has dropped across all seven aspects of service measured by Defaqto in its latest research.

The 2024 Pension Service Review report, published by Defaqto yesterday (14 February), crunched data from advisers' feedback on seven satisfaction indices when it came to provider performance in the 12 months to September 2023. The indices were: product and proposition; pension freedom servicing; existing business administration; new business servicing, online services, provider strength and brand; and provider staff. Defaqto found satisfaction has declined for all categories by an average of 8% with existing business administration, new business servicing, and online services dropping...

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

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Alleged LPA financial misconduct complaints rose to almost 12,000

Sophia Panayi
clock 12 October 2026 • 3 min read
News editor's view: Taxing questions for advisers

News editor's view: Taxing questions for advisers

The news editor's Friday Night Takeaway from 9 October

Isabel Baxter
clock 09 October 2026 • 2 min read
Why the new chancellor must rebalance growth and consumer protection

Why the new chancellor must rebalance growth and consumer protection

'Healy should re-empower the FCA to unleash the full potential of Consumer Duty'

James Daley
clock 09 October 2026 • 3 min read