Complaints “broadly levelling off” says ombudsman

complaint

New figures reveal 3% increase in workload for first six months of 2016.

The Financial Ombudsman Service took on 169,132 new cases in the first half of 2016, an increase of 3% on the second half of 2015.

The figures, released by the Ombudsman in its six-monthly review, showed that payment protection insurance (PPI) made up 54% of new complaints.

PPI complaints totalled 91,381 new cases, a slight fall from 92,667 at the end of last year.

For complaints about financial products other than PPI, the number increased by 8% to 77,751.

Payday lending
The FOS stated that one

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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