FOS advice complaints drop as Sesame tops pile once more

1,044 complaints against advisers in six months

Tom Ellis
clock
FOS advice complaints drop as Sesame tops pile once more

Complaints against financial advice firms dropped in the second half of 2016 while Sesame remained the most complained-about adviser business, according to the Ombudsman's latest figures.

Financial advisers received a total of 1,044 complaints between 1 July and 31 December 2016, the data from the Financial Ombudsman Service (FOS) revealed - a 12% drop on the 1,189 received in the first...

To continue reading this article...

Join Professional Adviser

 

  • 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

Advisers welcome FSCS levy bill cut to £213m

Advisers welcome FSCS levy bill cut to £213m

'We are not immune to the cost of living crisis'

clock 26 May 2022 • 3 min read
Karl Dines: "It is great to understand it, but we also need to apply it."

Karl Dines: Six key strategies for riding the Consumer Duty storm

Logical and practical methodology

Karl Dines
clock 25 May 2022 • 6 min read
The firm agreed to a cease-and-desist order and a censure

SEC fines BNY Mellon Investment Adviser $1.5m for greenwashing

ESG reviews not performed

Lauren Mason
clock 24 May 2022 • 1 min read