Standard Life delays research after IFAs complain

UK— Standard Life has been forced to delay research with customers who use independent financial advisers (IFAs), after advisers complained that they had not been given time to let their clients opt out.

An unnamed external research agency was due to begin surveying 30 IFA clients last Thursday, but some advisers complained that they were not told in enough time to contact their clients and let them decide whether or not to take part.

One adviser told the Financial Times he received a letter just two days before the opt-out deadline, saying that his clients would be contacted to take part in hour-long telephone interviews.

As a result of such reactions from IFAs, Standard Life pushed back the research. Fieldwork is now set to begin today.

A Standard Life spokesman told Research: “Based on the feedback we’ve received from the adviser community, we’ve made the decision to delay the deadline for IFAs opting their clients out of our market research until Monday 5th September.

“The market research is a process we do several times a year and both advisers and clients are questioned. We always offer the adviser the opportunity to remove their client from the research and we will continue to take this approach.”

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

UK

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts