This data relates to the first half of 2016 (H1) and includes data from firms that report 500 or more complaints within this six month reporting period.
You can search the tables by clicking on the downward arrows or using the search field.
There are four sortable tabs and a tab including trading names to help make searching easier. You can sort by:
- the number of complaints opened (or received) by the firms
- the number of complaints closed by the firms
- the percentage of complaints closed within eight weeks
- the percentage of complaints upheld (where the firms agreed with the complainant)
Each table can also be split into different product groups and in the downloadable table you can find links to the complaints data summaries published by firms on their own websites (in tab 1.1). Many firms have published additional information alongside the complaints data on their website to put their figures into context in relation to the size of their business.
This data was published on Thursday 6 October 2016. It accurately reflects the data firms have reported to us in their complaints return and also what firms have published on their websites. The data covers complaints returns received up to 23 September 2016.
Can’t find a firm?
Most firms report their own complaints data to us but some firms in the same group report their complaints data jointly. Column 3 shows whether a firm has included any other firms in its complaints figures. Where a firm has included other firms in its figures, these are listed in tab 2 in the spreadsheet. More information about what products fit into each product group is available in tab 5 in the downloadable spreadsheet.
About the data
We publish complaints data every six months and this publication includes data for the first half (H1) of 2016 (1 January and 30 June 2016). We collect and publish data at both an aggregate (market level) and firm level, although we only publish firm specific data for firms reporting 500 or more complaints. Firms with 500 or more complaints in a half-year period are also required to publish complaints data on their website. This accounts for around 97% of complaints that firms report to us. Column 4 of the sortable table shows the reporting period that each firm is using. You can find previous half-yearly data on the previous complaints data page.
Firms that reported fewer than 500 complaints in the period are not included. Their data is included in the aggregate statistics but it is not broken down by firm.
UK branches of European Economic Area firms are not required to publish complaints data. We only include their data if they have told us that they have published this voluntarily.
Prior to 29 June 2016, we did not require firms to submit complaints data for complaints that were resolved by the end of the following business day after they were received. This rule is set out in our Handbook at DISP 1.5. From 30 June 2016 the rule changed so that all complaints become reportable and this new data will feed into the next complaints data publication due in April 2017. The amendments to DISP 1.5 were discussed in Policy Statement 15/19.
As part of our new rules on improving complaints handling, from February 2017 we will require firms to submit information on the size of their business to us and publish it (rather than doing so on a recommended basis). We are also planning to publish this information ourselves to allow greater comparability between firms.
Using the data
You can also use this data alongside the complaints data published by the Financial Ombudsman Service as an indicator of the quality of a firm’s complaints handling.
Good complaints-handling practices may be indicated by:
- a low volume of complaints compared to the scale of business undertaken. Some firms publish additional information on their websites to help you understand the number of complaints they receive in relation to the size of their business (e.g. the number of complaints per account or the number of complaints per policy). A link to this information is provided in tab 1.1 in the downloadable spreadsheet.
- a high proportion of complaints closed within 8 weeks. Firms have 8 weeks in which to write to the customer setting out their ‘final response’ to a complaint, at which point they can regard the complaint as closed.
- a low percentage of complaints upheld by the Financial Ombudsman Service. The percentage of complaints that are upheld refers to complaints where it has agreed (either wholly or partly) with the consumer, accepted their complaint and told the firm to put matters right (such as by paying redress). For information on the percentage of complaints it upheld, please see its complaints data.
The complaints data we publish can be used together with the data published by the Financial Ombudsman Service to give a better idea of how firms are handling complaints.
However, the two sets of complaints data cannot be directly compared - our data includes all complaints that firms report, but the Ombudsman Service data includes only those complaints which the firm has been unable to resolve to the customer’s satisfaction and which have been referred to the ombudsman service.
There can be significant time delays between a firm considering a complaint and this complaint then being referred to the Ombudsman Service. So a complaint included in our data for the second half of 2015 could appear as a newly opened complaint in the Ombudsman Service’s data for the first half of 2016 or later.