Most complained about firms revealed by financial ombudsman
The most complained about advisory and finance firms for the first half of 2014 have been revealed this morning.
The highest number of new complaints to the Financial Ombudsman Service about life and pensions was against Prudential, with 330 cases, followed by Phoenix Group which had 327, and Aviva Life & Pensions, with 230.
The top seven was completed by Royal London Mutual Insurance Society, with 197
Sun Life Assurance Company of Canada UK, with 186, Legal & General, with 175 and Friends Provident, with 174.
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The highest percentage of complaints resolved in the consumers' favour in the life and pensions category was led by Nationwide Building Society with 43, followed by Scottish Equitable with 40.
In terms of investments the highest percentage of complaints resolved in the consumers' favour was The Royal Bank of Scotland, at 65.
Second was National Westminster Bank, at 60, followed by Barclays Bank, at 57, HSBC at 55 and St. James's Place Wealth Management, at 55.
Sesame topped the list of advisory firms with the most complaints (197), with St James's Place (77) second and Openwork (73) third.
The top five was made up by Personal Touch (55) and Hargreaves Lansdown (48).
The figures published today show that the ombudsman took on 191,129 new cases in total in the first half of 2014.
This included a huge number of PPI complaints.
Complaints round up:
Number of new cases
Life and pensions
1. Prudential 330
2. Phoenix Group 327
3. Aviva Life & Pensions 230
4. The Royal London Mutual Insurance Society 197
5. Sun Life Assurance Company of Canada (U.K.) 186
6. Legal & General 175
7. Friends Provident 174
8. Zurich 158
9. Abbey Life Assurance Company 154
10. Royal London (CIS) Limited 139
11. Lloyds Bank 132
Investments
1. Lloyds 139
2. Barclays 138
3. Santander 101
4. HSBC 92
5. Lloyds 86
Percentage of complaints resolved in favour of consumer
Life and Pensions
1. Nationwide Building Society 43
2. Scottish Equitable 40
3. Countrywide Assured 38
4. Sesame 38
5. Friends Life Services 35
Investments
1. The Royal Bank of Scotland 65
2. National Westminster Bank 60
3. Barclays Bank Plc 57
4=HSBC Bank 55
4= St. James's Place Wealth Management 55