January to June 2016
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. We aim to resolve all complaints within eight weeks and if complaints remain unresolved after eight weeks or if a customer is dissatisfied with our final response, they have the option to refer their complaint to the Financial Ombudsman Service (FOS). The FOS also publishes a half yearly report on financial services complaints they receive.
This site provides an overview of Barclays FCA reportable complaints data since 2010 and highlights how we are driving down complaints by improving the overall customer experience. We are committed to delivering a sustained reduction in complaints and while we are heading in the right direction, we recognise we still have a way to go.
Our complaints data is published individually for each UK legal entity and in a Barclays Group summary, with segmentation across the six 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 9.4 million transactions per day during H1 2016, one of the highest volumes of transactions in the UK banking industry.
For the First Half of 2016 (H1)
The new figures give the following picture for the first half of 2016:
- Banking complaints have significantly reduced by 11 per cent compared to the first half of 2015 (H1 2016: 127,050, H1 2015:142,115).
- Complaints excluding Payment Protection Insurance (PPI) are down 10%
- PPI* (General Insurance complaints) have increased by 20,330. That’s a 15 per cent increase compared to the first half of 2015 (H1 2016: 154,924, H1 2015: 134,594).
- There has been an increase in the total number of complaints, with volumes increasing by 4,787 in the first half of 2016 compared to the first half of 2015 (H1 2016: 293,458, H1 2015: 288,671). The total complaint increase is equal to 2% Year over Year (YoY). This was mainly driven by a moderate increase in PPI complaints received in H1 2016.
* 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 January - 30 June 2016
Legal Entities covered: Barclays Bank Plc, Clydesdale Financial Services Limited, Firstplus Financial Group PLC and Woolwich Plan Managers Limited.
|
Number of complaints opened |
Number of complaints closed |
Complaints closed within eight weeks (%) |
Complaints upheld by firm (%) |
|
|---|---|---|---|---|
|
Banking |
127,050 |
130,431 |
90% |
55% |
|
Home finance |
5,277 |
5,939 |
85% |
67% |
|
General insurance and pure protection |
154,924 |
155,350 |
97% |
85% |
|
Decumulation, life and pensions |
719 |
544 |
65% |
34% |
|
Investments |
3,956 |
4,270 |
62% |
50% |
|
Credit Related |
1,532 |
1,485 |
85% |
52% |
|
Total |
293,458 |
298,019 |
93% |
71% |
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,Barclaycard, Barclays Wealth, Barclays Business Bank, Barclays Corporate Bank, Solution Personal Finance Ltd and Barclays Stockbrokers Limited.
|
Number of complaints opened |
Number of complaints close |
Complaints closed within eight weeks (%) |
Complaints upheld by firm (%) |
|
|---|---|---|---|---|
|
Banking |
124,361 |
127,402 |
90% |
56% |
|
Home finance |
5,272 |
5,932 |
85% |
67% |
|
General insurance and pure protection |
153,718 |
154,097 |
97% |
85% |
|
Decumulation, life and pensions |
690 |
535 |
65% |
34% |
|
Investments |
3,422 |
3,766 |
59% |
52% |
|
Credit Related |
1,532 |
1,485 |
85% |
52% |
|
Total |
288,995 |
293,217 |
93% |
71% |
Clydesdale Financial Services Limited
Firm name: Clydesdale Financial Services Limited
Group: Barclays Group
Other firms included in this report (if any): n/a
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 |
2,633 |
2,935 |
88% |
43% |
|
Home finance |
0 |
0 |
0% |
0% |
|
General insurance and pure protection |
41 |
42 |
95% |
90% |
|
Decumulation, life and pensions |
0 |
0 |
0% |
0% |
|
Investments |
0 |
0 |
0% |
0% |
|
Total |
2,674 |
2,977 |
89% |
44% |
Firstplus Financial Group Plc
Firm name: Firstplus Financial Group Plc
Group: Barclays Group
Other firms included in this report (if any): n/a
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 |
56 |
94 |
89% |
36% |
|
Home finance |
5 |
7 |
71% |
14% |
|
General insurance and pure pensions |
1,165 |
1,211 |
99% |
87% |
|
Decumulation, life and pensions |
0 |
0 |
0% |
0% |
|
Investments |
0 |
0 |
0% |
0% |
|
Total |
1,226 |
1,312 |
98% |
83% |
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 protection |
0 |
0 |
0% |
0% |
|
Decumulation, life and pensions |
29 |
9 |
67% |
0% |
|
Investments |
534 |
504 |
87% |
31% |
|
Total |
563 |
513 |
87% |
31% |
Additional context
Barclays Group has over 40 million Banking category related accounts, including current accounts, credit cards, personal loans and savings accounts. This means we reported 3.16 Banking complaints per 1,000 accounts;
For every Home Finance (mortgage) account, we reported 5.74 complaints for every 1,000 loans outstanding;
In total, we reported 77.91 complaints per 1,000 accounts related to General Insurance and Pure Protection, with the majority of complaints in this category related to Payment Protection Insurance (PPI). Excluding this product, we reported 2.04 complaints per 1,000 accounts.