PPI complaints set to rise in 2010/2011 - July 2010
The Financial Ombudsman Service looks likely to see Payment Protection Insurance complaints continue rise in 2010/11, after first quarter figures reveal there have already been 13,520 new complaints.
According to figures published in Ombudsman News today, 34 per cent of all complaints the FOS received in April, May and June related to PPI.
In 2009/10 the FOS received a total of 49,196 PPI complaints, but if the complaints continue at a steady pace for the rest of 2010/11 then total complaints will reach 54,080.
In Q1 this year the FOS received 1,721 complaints about mortgages, compared to 7,452 for the whole of 2009/10 and 357 about personal pensions, compared to 1,359 in 2009/10.
The Ombudsman says it will continue to publish snapshots of its workload on a quarterly basis.
It states: “This should make it easier for everyone to see the numbers and trends as they emerge throughout the year rather than only seeing the figures annually, after the financial year has ended.”
Source: Moneymarketing.co.uk
« Return to full news listings
Links to External Websites
We may provide links to external websites via our own website. EMCAS is not responsible for the content of any external websites. Any external links that we may use to other websites are purely provided for the convenience of the user.
The inclusion of any link to an external website from our website should not be understood to be an endorsement of that website, the site's owners, their products/services or the views or information provided by that website.
We cannot guarantee that the external links provided will work all of the time nor do we have any control over the availability of any linked pages.
We also provide Debt Solutions
-
Millions of pension dreams shattered - Nov 2011
Nearly three million savers with personal pensions designed to protect them from stock market turmoil have been left up to 45?per cent worse off than people who retired five years ago.
Read More -
FOS raises concerns over whole of life policies - Oct 2011
The Financial Ombudsman Service has raised concerns about the levels of complaints it is receiving about reviewable whole of life policies.
Read More -
Official data shames Barclays as worst bank for complaints - 09/11
Barclays clocked up the most complaints of any UK bank in the first half of 2011 at an astonishing rate of one every minute.
Read More
