Feedback and complaints
Keeping our promise to be Out of the Ordinary
We are committed to ensuring our products, service and our people deliver on our promise to be Out of the Ordinary, and aim to resolve complaints quickly and fairly. If it is not possible to promptly resolve your complaint, we will be in touch to update you on its progress through our complaint handling process.
We aim to be in a position to provide a final response to your complaint within eight weeks of the complaint being received. If this has not been possible, we will inform you when we expect to respond however you may decide to refer the matter to the Financial Ombudsman Service.
If you have a suggestion on how we can improve or you would like to submit a complaint, please let us know.
Independent review of your complaint
The Financial Ombudsman Service will only deal with your complaint if you have first given us the opportunity to put matters right, so please contact us first and we will do all we can to help you.
The contact details for the Financial Ombudsman Service are set out below.
If your complaint is in relation to products or services bought or applied for online or by email, you can also submit your complaint using the Online Dispute Resolution (ODR) Platform. You can access the ODR Platform on their website: www.ec.europa.eu/odr . If you chose to submit your complaint through the ODR, you will need to quote the contact details listed in the form above, including our email address, our website (www.investec.com/en_gb.html ) and our address.
It is important to note that while you can choose to use the ODR Platform, your complaint will be forwarded to the Financial Ombudsman Service in any event. Therefore, it may be easier and quicker to refer your complaint directly to the Financial Ombudsman Service.
You can also contact us directly by email, using the details listed above.
Or write to:
The Financial Ombudsman Service
Harbour Exchange Square
Phone: 0800 023 4567 (consumer helpline)
Investec Bank plc complaints data
The Financial Conduct Authority (FCA) requires firms that receive 500 or more complaints to publish a summary of reportable complaints on a six-monthly basis. In July 2016 the complaints reporting requirements were broadened to include all complaints that have been resolved within two working days. Since this is our first publication, no historical data is presented.
The FCA provides the template for our completion, so that all relevant data is captured, and a comparison can be easily made between firms. Further information can be found on the FCA’s website at http://www.fca.org.uk/firms/complaints-data.
Firm name: Investec Bank plc
Period covered in this report: 1 April 2017 - 30 September 2017
Brands/trading names covered: Investec Bank plc, Investec Private Bank, Investec Structured Products and Investec Specialist Bank
|Product/service grouping||Number of complaints opened by volume of business||Number of complaints opened
||Number of complaints closed||% closed within 3 days||% closed after 3 days but before 8 weeks||% upheld||Main cause of complaints opened|
|Provision (at reporting period end date)||Intermediation (within the reporting period)|
|Banking and credit cards||5.80 per 1000 accounts||N/A||592||588||67%||33%||71%||General admin / customer service|
|Home finance||9.01 per 1000 balances outstanding||N/A
||6||8||25%||75%||75%||General admin / customer service|
|Insurance and pure protection||0||N/A
|Decumulation and pensions||0||N/A
|Investments||4.47 per 1000 client accounts||N/A
||147||141||45%||55%||84%||Delays / timescales|
To put the above figures into context:
- We received 5.80 complaints for banking per 1,000 relevant accounts over the period.
- With regards to investments, for every 1,000 relevant accounts, we received 4.47 complaints over the period.
- 9.01 complaints were opened per 1,000 balances outstanding for home finance.