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

Feel Good Friday: CII and PFS host annual apprenticeship awards

Feel Good Friday: CII and PFS host annual apprenticeship awards

Part of next gen development push and ‘upholding professionalism’

Professional Adviser
clock 24 October 2025 • 1 min read
FCA to deliver 'fewer and faster' enforcement outcomes this year

FCA to deliver 'fewer and faster' enforcement outcomes this year

Therese Chambers says the watchdog is prosecuting more people than ever before

Sahar Nazir
clock 23 October 2025 • 2 min read
Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 23 October 2025 • 1 min read