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Financial Ombudsman Service publishes its latest quarterly complaints data

Link(s):Financial Ombudsman Service publishes its latest quarterly complaints data (financial-ombudsman.org.uk)

Context

The FOS has published its complaints data on financial products for July – September 2022 (Q2).

Key points to note

  • The FOS received 38,470 new complaints in Q2, up from 35,029 new complaints in April – June (Q1) and continued to uphold 34% of complaints in the consumers’ favour.
  • The FOS also provide an update on complaints about funeral plans, noting that the majority of such complaints relate to mis-selling due to lack of clarity on what the plan covered.

Next actions

None – for information and awareness.