What comes after PPI? The top ten most complained about products

COMPLAINTS

clock

The Financial Services Authority (FSA) has released complaints data for the first half of 2012.

As the top ten list of complaints below shows, there was no surprise at the product which took top spot, and banks certainly had a lot to answer for with the other top gripes. Overall, £3.2bn was paid out in redress as a result of the complaints, with banks paying out £2.9bn and personal investment firms, including financial advisers, paying out £31m. Meanwhile, there was a significant year-on-year bump in the total number of complaints, up from 1,861,715 in H1 2011 to 3,577,599 in the first six months of the year. So here it is, the rundown of the top ten most complained about pro...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA updates incident and third-party reporting rules with cyber-attacks on the up

FCA updates incident and third-party reporting rules with cyber-attacks on the up

Regulator realises attacks are becoming ‘more frequent and more sophisticated’

Isabel Baxter
clock 18 March 2026 • 2 min read
FCA publishes pensions regulatory priorities report

FCA publishes pensions regulatory priorities report

Regulator sets out key priorities amid significant industry transformation

Martin Richmond
clock 12 March 2026 • 4 min read
Treasury proposals spark AR liability fears

Treasury proposals spark AR liability fears

Not expected to have ‘material’ impact on PII market but creates more risk

Isabel Baxter
clock 11 March 2026 • 4 min read