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Parsys 1

July to September 2014

Parsys 2

In the UK, the Financial Conduct Authority (FCA) requires financial services firms to report on the number of UK FCA reportable customer complaints they receive on a half yearly basis. Barclays is the only bank to currently publish its results quarterly, twice as often as required. We also provide context and analysis on the figures, sharing the key causes of complaints along with an action plan for addressing them.

Our complaints data is published individually for each UK legal entity and in a Barclays Group summary, with segmentation across the five FCA product categories. Barclays Bank PLC accounts for the majority of all Barclays UK FCA reportable complaints (98%). Barclays complaints should be viewed within the context that we undertook on average over 8 million transactions per day during Q3 2014, one of the highest volumes of transactions in the UK banking industry.

For the third quarter of 2014 (Q3):

  • Total year on year complaints including PPI are down by 11,407 (Q3 2014: 150,953, Q3 2013: 162,360); within this:

    • PPI (General Insurance complaints) are down 23,596 (Q3 2014 91,302, Q3 2013 114,898)
    • Mortgage complaints are up 421 (Q3 2014 2,721, Q3 2013 2,300), due to growth in the number of applications Barclays’ handles each day;
    • Banking complaints up 12,339 (Q3 2014 54,813 Q3 2013 42,474), driven largely by Claims Management Companies (CMCs) claims, not the day to day experience of customers;

* The General insurance and Pure Protection category, of which the overwhelming majority are PPI complaints.

Detailed below is Barclays’ FCA reportable complaints data:

Barclays Group summary

Period covered in this report: 1 July - 30 September 2014
Brands/trading names covered: Barclays Bank Plc, Barclays Sharedealing, Barclays Stockbrokers Limited, Clydesdale Financial Services Limited, Firstplus Financial Group PLC, Woolwich Plan Managers Limited, Standard Life Cash Savings & Mortgages, Standard Life Cash Savings, Standard Life Mortgages, Barclays Direct (formally ING Direct UK).

  Number of complaints opened Number of complaints closed Complaints closed within eight weeks (%) Complaints upheld by firm (%)
Banking 54,813 48,019 75% 61%
Home finance 2,721 3,502 78% 71%
General insurance and pure protection 91,302 100,569 77% 82%
Decumulation, life and pensions 412 364 74%  35%
Investments 1,705 1,801 84% 43%
Total 150,953 154,255 77% 75%

Barclays Bank Plc

Firm name: Barclays Bank Plc
Group: Barclays Group
Other firms included in this report (if any): Barclays Insurance Services Company Ltd and Solution Personal Finance Ltd
Brands/trading names covered: Barclays Bank Plc, Barclays Retail Bank, Barclaycard, Barclays Wealth, Barclays Business Bank, Barclays Corporate Bank, Solution Personal Finance Ltd, Standard Life Cash Savings & Mortgages, Standard Life Cash Savings, Standard Life Mortgages, Barclays Stockbrokers Limited, Barclays Sharedealing, Barclays Direct (formally ING Direct UK).

  Number of complaints opened Number of complaints closed Complaints closed within eight weeks (%) Complaints upheld by firm (%)
Banking 53,532 46,642 74% 62%
Home finance 2,710 3,490 78% 71%
General insurance and pure protection 90,158 99,318 77% 82%
Decumulation, life and pensions 404 357 73% 35%
Investments 1,251 1,353 79% 44%
Total 148,055 151,160 76% 75%

 

Clydesdale Financial Services Limited

Firm name: Clydesdale Financial Services Limited
Group: Barclays Group
Other firms included in this report (if any):
Brands/trading names covered: Clydesdale Financial Services Limited, Barclays Partner Finance.

  Number of complaints opened Number of complaints closed Complaints closed within eight weeks (%) Complaints upheld by firm (%)
Banking 1,071 1,164 93% 35%
Home finance 0 0 0% 0%
General insurance and pure protection 35 35 100% 89%
Decumulation, life and pensions 0 0 0% 0%
Investments 0 0 0% 0%
Total 1,106 1,199 93% 37%

 

Firstplus Financial Group Plc

Firm name: Firstplus Financial Group Plc
Group: Barclays Group
Other firms included in this report (if any):
Brands/trading names covered: Firstplus Financial Group Plc.

  Number of complaints opened Number of complaints closed Complaints closed within eight weeks (%) Complaints upheld by firm (%)
Banking 210 213 99% 49%
Home finance 11 12 92% 8%
General insurance and pure protection 1,109 1,216 98% 97%
Decumulation, life and pensions 0 0 0% 0%
Investments 0 0 0% 0%
Total 1,330 1,441 98% 89%

 

Woolwich Plan Managers Limited

Firm name: Woolwich Plan Managers Limited
Group: Barclays Group
Other firms included in this report (if any): Barclays Wealth Funds Limited
Brands/trading names covered: Woolwich Plan Managers Limited, Barclays Wealth Funds Limited.

  Number of complaints opened Number of complaints closed Complaints closed within eight weeks (%) Complaints upheld by firm (%)
Banking 0 0 0% 0%
Home finance 0 0 0% 0%
General insurance and pure protection 0 0 0% 0%
Decumulation, life and pensions 8 7 86% 57%
Investments 454 448 99% 40%
Total 462 455 98% 40%
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