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

L&G becomes first pension provider to complete dashboards ecosystem connection

L&G becomes first pension provider to complete dashboards ecosystem connection

Provider finalised its connection to the ecosystem today

Holly Roach
clock 17 April 2025 • 1 min read
How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read