Only 5% of people trust financial institutions

Just one in 20 people (5%) believe that financial institutions are always honest, a survey has found.

Roughly one in 10 agreed with any of the positive statements about financial institutions – yet 18 to 29-year-olds were around twice as likely to ‘trust financial institutions to have their customers’ interests at heart’ (16%), compared to only 9% of the 30+ age group.

YouGov carried out the survey for Shilling Communication.

©2011 funds europe

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