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Defaqto has revealed advisers’ preferred investment bond providers, with Prudential dominating the onshore market. Overall, 46% of advisers recommended its onshore bonds to clients, a seven-percentage point increase. Quilter has edged ahead of Canada Life into second place, while Aviva is another provider popular

Advisers have been urged to “plug the advice gap” through scalability, with Defaqto warning it “can only be achieved by adopting technology”.

Defaqto’s annual protection adviser sentiment survey has found dissatisfaction over claims handing and administration levels among intermediaries is persisting.