Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Play JP Morgan AM's Conte: why France is my biggest overweight

JP Morgan AM's Conte: why France is my biggest overweight

The European Smaller Companies trust fund manager is also finding opportunities within the European IPO market.

Brewin's Foster: running out of value with Sandy Nairn

Brewin's Foster: running out of value with Sandy Nairn

In this week's podcast, Guy Foster and Dr Sandy Nairn discuss caution towards the stretched valuations most stock markets today currently offer.

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter