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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter