Complaint Data 2016 H2
We pride ourselves on the quality of our service but recognise that, on occasions, things can go wrong. If you are unhappy with any aspect of our service then we would like to know about it. We value feedback from customers as it augments our ongoing assurance processes and provides us with data that we can analyse to identify root causes of complaint in the first place thus enabling us to take appropriate steps to prevent this recurring in the future.
Set out below are details of the volumes of complaints reported to the Financial Conduct Authority (FCA) in our last reporting period. To see how Secure Trust Bank and other firms performed previously, please see the FCA's complaints data table.
- Firm Name
- Secure Trust Bank
- Group
- Secure Trust Bank PLC
- Other firms included in this reporting (if any)
- None
- Period covered in this report
- 1 July 2016 - 31 December 2016
- Brands/trading names covered
- Secure Trust Bank PLC, Moneyway, OneBill, V12
| Banking | Home Finance | General Insurance & Pure Protection | Credit Related | |
|---|---|---|---|---|
| Number of Complaints Opened by Volumes of Business (Provision at reporting period end date) | 15 per 1000 accounts | 13 per 1000 balances outstanding | 11 per 1000 policies in force | 19 per 1000 accounts |
| Number of Complaints Opened | 415 | 268 | 36 | 10446 |
| Number of Complaints Closed | 441 | 285 | 49 | 9867 |
| Complaints Closed Within 3 Days (%) | 39% | 62% | 0% | N/A |
| Complaints Closed After 3 Days but Within 8 Weeks (%) | 59% | 35% | 86% | N/A |
| Closed Complaints Upheld* By Firm (%) | 32% | 60% | 8% | 57% |
| Main Cause of Complaint Opened | Product disclosure information | Errors/not following instructions | Unclear guidance /arrangement | N/A |
*This is where we have agreed with the customer that their complaint was justified either in whole or in part.
Complaints Procedure
For information on how we deal with complaints please see our internal complaints procedure.