Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Portfolio management complaints up more than 50%

1 Comment
Portfolio management complaints up more than 50%

Complaints about portfolio management have rocketed by more than 50% quarter on quarter.

According to the latest figures from the Financial Ombudsman Service (FOS), the spike in complaints linked to portfolio management amounted to 53% after an analysis of two three-month periods between April and June 2012 and July to September 2012.

FOS said 460 complaints were received from consumers about portfolio management, versus 300 in the previous quarter.  49% were resolved in favour of the consumer.

The latest data ranks portfolio management within FOS' top 20 list of most complained about financial products.  Payment Protection Insurance (PPI) topped the list.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter