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: Capitalising on the growing alternative lending market

Partner Insight: Capitalising on the growing alternative lending market

Private Credit, a nascent and rising asset class for wealth portfolios but one that is close to ubiquitous amongst institutional investors, can offer stable, high yielding returns and reduced volatility compared to traditional fixed income, says Michael Massarano, Partner and Deputy CIO at Arcmont Asset Management, an investment-affiliate of Nuveen.

Michael Massarano, Partner and Deputy CIO at Arcmont Asset Management, an investment-affiliate of Nuveen
clock 01 April 2025 • 6 min read
Stories of the week: FCA, Cash ISAs, and AIM

Stories of the week: FCA, Cash ISAs, and AIM

FCA to cut down on regulation; Cash ISA 'hoarding'; AIM could thrive alongside PISCES

Sarka Halas
clock 28 March 2025 • 1 min read
Funds to Watch panel: Fund selection leaders on manager turnover, boutiques and SDR

Funds to Watch panel: Fund selection leaders on manager turnover, boutiques and SDR

Key issues for selection teams

Katrina Lloyd
clock 27 March 2025 • 10 min read
Trustpilot