Happy with your bank? Complaints have fallen 42pc

Posted by Unknown on Monday, September 1, 2014


The number of complaints against British banks fell by nearly 42pc in the first half of 2014, driven by a decline in the number of cases relating to the mis-selling of loan insurance, the Financial Ombudsman Service.




The ombudsman, which steps in when banks and their customers cannot settle a dispute, said it received 191,000 new complaints during the period, compared with 327,000 in the same period the previous year.




Complaints about payment protection insurance (PPI) fell to 134,000 from 266,000 in the same period last year but still accounted for seven out of 10 cases.




Chief Ombudsman Caroline Wayman, who was appointed in July, said that responsibility for sorting out the mass mis-selling of PPI remains a major part of the ombudsman's workload.


"We're seeing more and more people turn to us in frustration where they feel their bank or insurer simply doesn't understand or really care. And we're hearing growing dissatisfaction form people about being processed industrially as a number rather than being listened to as an individual customer," she said.


The number of complaints unrelated to PPI rose by 3pc to 57,000.





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