The Fair Switching Initiative @FairSwitching

Switching your investments to a new provider can take as long as 100 days. New research from the Fair Switching Initiative shows older investors are being hit hardest, with 72% put off by long delays Read the full report here: fairswitchingreport.tiiny.site

Our research shows older savers are the most discouraged by slow investment transfers. 87% of those aged 65+ say they would abandon switching altogether if the process feels slow and complex. If you want to know more, read the full report via the link: fairswitchingreport.tiiny.site

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Switching your mobile provider can take minutes. Switching your energy supplier can take days. Switching your pension or investment platform? Many people expect it to take weeks or even months. If you want to know more, read the full report: fairswitchingreport.tiiny.site

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In some cases, in-specie transfers can take up to 100 days. As our research shows, when delays stretch for weeks or months, investors can’t react to market changes. Three months is too long to move your own money. Read the full report via the link: fairswitchingreport.tiiny.site

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It's time for regulators to step in. 54% say the FCA should lead reform. 55% want hard maximum deadlines backed by real penalties. "Reasonable time" simply is not clear enough. We need real-time tracking and accountability now. Read more: fairswitchingreport.tiiny.site

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So why does switching take so long? 44% say long timelines are the biggest problem. 27% blame outdated systems. And 72% believe providers deliberately make transfers difficult. Read more: fairswitchingreport.tiiny.site

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Imagine being told moving your investments could take up to 100 days. 75% say that would make them less likely to switch. Among 65+, it rises to 92%. We need fast and fair switching now. Read more: fairswitchingreport.tiiny.site

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Great to see our research covered by @sonia_rach in the @FTAdviser The FT has long highlighted this issue through its Tidy up Transfers campaign — and it’s clear why. It’s time for faster, fairer switching. 🚀 Read our full report here: fairswitchingreport.tiiny.site

Delays are stopping people from moving their money. When switching feels slow or complicated, 70% say they would give up. And if it means being out of the market? 63% are less likely to switch. We need fair switching now. Read more: fairswitchingreport.tiiny.site

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We can switch mobile networks with a text. Energy providers in days. But only 9% think switching investment platforms is fast. 94% believe it should be fast. 99% want full transparency. We need fair switching now. Read more: fairswitchingreport.tiiny.site

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Why do people try to move their savings or investments? Because they want better returns. People are ready to move. The system should not hold them back. Read more: fairswitchingreport.tiiny.site

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The Fair Switching Initiative report is now live. Behind every delayed transfer is someone waiting to access or move their own money. It is time for faster, clearer, fairer switching. Read more: fairswitchingreport.tiiny.site #FairSwitching #FinanceTips #FCA #investments

There’s plenty of talk about growth and helping people make the most of their money. But is the system built to make taking control of your savings easy? For millions, it isn’t. Something new is coming. Follow @FairSwitching to join the conversation. #FairSwitching #ComingSoon