Over half (55 percent) of investors have never considered switching from their current provider, according to a study from wealth manager Netwealth.

Research conducted by YouGov on behalf of the challenger wealth manager found 35 percent of respondents have been with their current provider for over 10 years.

When the timescale is reduced to more than five years this increase to 63 percent of investors. However, just seven percent said nothing would ever make them consider switching.

Netwealth argued the results imply the industry isn’t making it easy or cheap enough for investors to switch services. Fifty pe...