Phoenix Life racks up 400 ombudsman complaints

Jenna Towler
clock

Phoenix Life attracted more than 400 complaints in the final six months of last year, according to latest data from the Financial Ombudsman Service (FOS).

The annuity provider and closed life fund consolidator totalled 407 complaints, 322 of which fell into the life and pensions and decumulation category. Elsewhere, more than 200 people complained to the FOS about the Sesame network. Data for the period from July to December 2013 showed the network, part of the Friends Provident group, accrued 213 complaints. The big insurance groups featured highly on the list with Axa, (603), Prudential (393 cases), Legal & General (386 cases), LV= (353 cases), Aviva (340 cases) and Royal London (305 cases) all garnering hundreds of complaints in a ...

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 Pensions

A decade on: Risks and challenges of freedom and choice

A decade on: Risks and challenges of freedom and choice

'Let me be clear: No one will have to buy an annuity'

Adrian Boulding
clock 25 November 2024 • 6 min read
How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read