Willingness to switch away from rule-breaking financial company in Great Britain 2014

Published by Statista Research Department, Oct 23, 2014

This statistic shows the willingness to switch away from the financial provider that engages in activities, which violate the respected financial regulations in Great Britain as of October 2014, according to surveyed British adults. Approximately 22 percent of respondents stated that they were very likely and 26 percent that they were likely to switch from their financial provider if this were the case, bringing the total share of potential switchers to 48 percent of the sample.

Would you consider switching from your main financial provider if you believe that it breached financial regulations?

Characteristic	Percentage of respondents
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Release date

October 2014

More information

Region

United Kingdom (Great Britain)

Survey time period

October 2014

Number of respondents

2,010 respondents

Age group

16 to 75 years old

Method of interview

Online omnibus survey

Supplementary notes

The full question read as follows: ''How likely or unlikely would you be to consider switching from your main financial provider if you have reason to believe that your main financial provider has faced potential fines for activities that breached financial regulations, such as money laundering regulations, mis-selling products or manipulation of interest rates?''

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