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Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)
 

Many UK consumers still loyal to banks

Despite the recent scandals and troubles that have engulfed the UK's financial sector, millions of customers say they still feel loyalty toward their bank, according to research among 2,000 consumers by Plastic Card Services (PCS).

One out of five consumers (20%) - representing some 10 million adults - said that they still have a sense of loyalty to their existing banking institution, and that they have no desire or intention to swap to a different bank, the survey found. However, banking has not come out of the latest round of controversies completely unscathed, as one in ten consumers (10%) said they felt no loyalty whatsoever to their existing personal banking institution.

Those aged 55 or over were found to be the most loyal, with 30% still having complete faith in their bank, compared to only 7% of those aged under 35. Regionally, loyalty to personal banks was highest in the North East of the country, and lowest in East Anglia.

"Despite a number of different scandals, millions of customers remain loyal to their bank," said Rob Nicholls, managing director for Plastic Card Services. "This just shows that trust and loyalty is gained over a long period of time and does not necessarily disappear overnight, in many cases. Overall, the results show that the British are a loyal lot, and yet not all industries are really using this to their advantage."

While hairdressers led the field, with British consumers being most loyal to their salon or barber, surprisingly shops, pubs and restaurants came further down the list even than banks in the loyalty stakes.

"One might expect consumers to be more faithful to local pubs and restaurants, but the survey showed this isn't necessarily the case," concluded Nicholls. "With excellent customer service, a great offering, and the right marketing strategy, businesses can build a customer base of loyal consumers that return time and time again."


Sources: Plastic Card Services PCS /
The Marketing Factbook.
Copyright © 2012 - 2026 The Marketing Factbook.

    Categorised as:

  • Customer Experience
  • Customer Loyalty
  • Knowing The Customer
  • Marketing Know-How

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)
 
Copyright © 2001-2026 Peter J. Clark