Fund groups are least trusted financial services firms - PwC survey

Laura Dew
clock

Just 12% of the general public trust the fund managers, according to a new report by PwC which ranks the industry below retail and investment banks in terms of trustworthiness.

A PwC report entitled How financial services lost its mojo - and how to regain it found that 12% of survey respondents trusted fund groups, compared with 27% for insurance providers, 28% for financial advisers, 32% for retail banks and 13% for investment banks. The group surveyed 2,000 people for the report. When asked for the reasons why they did not trust fund groups, 25% pointed to press coverage, 19% highlighted pricing transparency, a further 19% said personal experience, and 14% conversations with friends and family. More broadly, almost half of those surveyed believed financial...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Women in Investment Awards winner interview: Omotunde Lawal from Barings

Women in Investment Awards winner interview: Omotunde Lawal from Barings

Supporting the next generation

Katrina Lloyd
clock 07 March 2024 • 1 min read
Trustpilot