Personal pension complaints drop further 10%, FCA data

Have been declining since H1 2015

Tom Ellis
clock • 2 min read

Personal pension complaints have continued on their downward trend since hitting a peak in 2015, according to the latest data from the Financial Conduct Authority (FCA).

Personal pension gripes had dropped 15% between the first and second half of 2015 and declined a further 10% in the first six months of this year, the data showed. Complaints about personal pensions in decumulation had been on an upward trend from 2010 until reaching a peak in the first half of 2015. Increases of complaints were consistent with more personal pensions being sold, the FCA said. St James's Place Group was the adviser receiving the most complaints about life and pensions decumulation between January and June 2016 after picking up 640.  St James's Place UK received 409...

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

'Risk aversion' from FCA and PRA limiting UK growth and competitiveness

'Risk aversion' from FCA and PRA limiting UK growth and competitiveness

Regulators 'constraining firms', House of Lords report claims

Patrick Brusnahan
clock 13 June 2025 • 2 min read
FCA targeted support communication to 'ramp up' as further guidance issued

FCA targeted support communication to 'ramp up' as further guidance issued

Regulator expected to update the industry this month

Isabel Baxter
clock 09 June 2025 • 5 min read
FCA joins forces with international regulators on illegal finfluencer crackdown

FCA joins forces with international regulators on illegal finfluencer crackdown

Nine regulators from across the globe come together

Isabel Baxter
clock 06 June 2025 • 3 min read