The power to settle financial complaints.
The power to settle financial complaints.
ombudsman news gives general information on the position at the date of publication. It is not a definitive statement of the law, our approach or our procedure.
The illustrative case studies are based broadly on real-life cases, but are not precedents. Individual cases are decided on their own facts.
February / March 2011
In ombudsman news issue 87 (July/August 2010) we published a list of the financial products and services that accounted for over 90% of our complaints workload in the first quarter of the 2010/2011 financial year.
We updated these statistics in ombudsman news issue 90 (November/December 2010) when we published information relating to the second quarter of the year.
In this current issue we now focus on data for the third quarter, showing how many new complaints we received and what proportion we resolved in favour of consumers during October, November and December 2010.
| the financial products that consumers complained about most to the ombudsman service in October, November and December 2010 | % |
|---|---|
| payment protection insurance (PPI) | 50% |
| current accounts | 10% |
| credit card accounts | 8% |
| mortgages | 4% |
| overdrafts and loans | 3% |
| car and motorcycle insurance | 3% |
| deposit and savings accounts | 2% |
| buildings insurance | 2% |
| mortgage endowments | 1% |
| 'point of sale' loans | 1% |
| complaints about other products | 16% |
Later this month we will also be publishing on our website the latest six-monthly complaints data relating to named businesses (for the period from 1 July to 31 December 2010).