Prudential tops swollen FCA pension complaints list

Laura Miller
clock

Prudential has topped the Financial Conduct Authority's (FCA) list of the most complained about pension firms, as the number of grievances raised about retirement products jumps 20%.

The life company giant was complained about 8,827 times between January and June 2015. Of those, a significant majority of 62% were upheld by the firm in favour of the customer. Friends Life took second place for most complained about, with 7,013 complaints raised against it during the first six months of the year, half of which were upheld. Royal London came in a third with 5,688 new complaints, of which over a third were upheld in favour of the customer. Network Sesame had 61 complaints about life and pension products against it in the first six months of the year, with 29% up...

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 Retirement

Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read
The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

A look at the three Ss of retirement income

James Peel
clock 04 August 2026 • 7 min read
What the decumulation shift means for advice firms, and how the best are responding

What the decumulation shift means for advice firms, and how the best are responding

'Technology is part of this picture in ways that are worth being honest about'

Andy Zanelli
clock 14 July 2026 • 4 min read