Sesame tops FCA advice complaints

Complaint data for 2016 H2

Tom Ellis
clock • 2 min read

Sesame was the only advice firm to appear in the Financial Conduct Authority's (FCA) latest complaints data, with St James' Place dropping off the list.

Sesame, which closed its network for investment and pension advisers in 2015, received 95 complaints about decumulation and pensions, with 48% being upheld, and 231 about investment advice, with 35% being upheld. It also received a number of complaints for home finance and protection. St James' Place, which had received 640 pensions and decumulation complaints in H1 of 2016, according to the FCA, did not appear on the complaints tables for the second half of the year. The regulator only publishes data for firms that receive 500 or more complaints in the six-month period. Under new com...

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 retains 'exceptional circumstances' test for naming firms under investigation

FCA retains 'exceptional circumstances' test for naming firms under investigation

Adds three additional situations where firms can be named

Jenna Brown
clock 03 June 2025 • 3 min read
Upper Tribunal upholds FCA decision to ban and fine advice duo

Upper Tribunal upholds FCA decision to ban and fine advice duo

Fines total more than £1m

Jen Frost
clock 30 May 2025 • 1 min read
FCA opens enforcement operation over Consumer Duty breaches by firm in wealth and asset management space

FCA opens enforcement operation over Consumer Duty breaches by firm in wealth and asset management space

Only one in the sector since Consumer Duty came into force

Cristian Angeloni
clock 30 May 2025 • 3 min read