Sesame still most complained about advice firm

clock

Network Sesame has again come out top as the most complained about advice firm, although numbers of cases against it were down, according to the Financial Ombudsman Service's (FOS) half yearly figures published today.

The network received 197 new complaints between January and June this year, although numbers were down 8% on the previous six months and 33% year on year, when the advice firm received 292 complaints. Sesame was followed by network rival Openwork, which received 73 new consumer gripes, down 28% and 49% on the previous six months and the same period last year respectively. St. James's Place closely followed with 77 complaints brought against it but a higher uphold rate of 42% - almost twice as high as Openwork's 21% and Sesame's 26%. Personal Touch received 55 complaints, of which 2...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Advisory

Likes, stocks and shares: Influence of TikTok over younger investors grows

Likes, stocks and shares: Influence of TikTok over younger investors grows

Financial websites' influence wanes

Linus Uhlig
clock 15 July 2024 • 1 min read
Transact co-founder and former CEO Ian Taylor dies aged 58

Transact co-founder and former CEO Ian Taylor dies aged 58

Died after a short illness

Jenna Brown
clock 19 October 2022 • 1 min read
The Big Interview: TJ&P's Tim Whiting on becoming the 'One Ham Yard' of London IFAs

The Big Interview: TJ&P's Tim Whiting on becoming the 'One Ham Yard' of London IFAs

Company launched in 1995

Lauren Mason
clock 06 April 2022 • 5 min read
Trustpilot