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.

How to provide feedback or make a complaint

Private Banking

Wealth & Investment

Structured Products

Corporate and Wholesale

Private Banking

Private Banking

In writing

Investec Bank plc
The Banking Team
30 Gresham Street
London
EC2V 7QP

 

By email

[email protected]

 

By phone

To talk to a member of our team, please call +44 (0)20 7597 4050

Wealth & Investment

In writing

Investec Wealth & Investment

30 Gresham Street

London

EC2V 7QP

 

By email

[email protected]

Structured Products

In writing

Investec Structured Products,
PO Box 914,
Newport NP20 9PE

 

Telephone

0344 892 0942

Corporate and Wholesale

In writing

Investec Bank plc
Corporate and Wholesale Team
30 Gresham Street
London
EC2V 7QP

Independent review of your complaint

Should you be dissatisfied with our final response, you may, if you wish, refer the matter to the Financial Ombudsman Service. Any referral must be made within 6 months of the date of our final response. The Financial Ombudsman Service provides a free, independent and impartial service for customers to resolve disputes with financial firms.
 
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
Exchange Tower
Harbour Exchange Square
London
E14 9SR
Phone: 0800 023 4567 (consumer helpline)
www.financial-ombudsman.org.uk
investec financial ombudsman service

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 October 2019 to 31 March 2020

Brands/trading names covered: Investec Bank PLC, Investec Private Bank,Investec Structured Products and Investec Special 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

per 1000 accounts 5.49

N/A

972

963

79%

19%

45%

General admin / customer service
Home finance

per 1000 balances outstanding 4.34

per 1000 sales

 6

6

0%

100%

67%

Delays / timescales
Insurance and pure protection per 1000 policies in force per 1000 policies sold 0 0 0 0 0 N/A
Decumulation and pensions per 1000 policies in force per 1000 policies sold 0 0 0 0 0 N/A
Investments

per 1000 client accounts 2.86 

per 1000 sales or equivalent transactions

93

75

23%

51%

56%

General admin / customer service
Credit-related - (Recommended only) per 1000 accounts / loans - (Recommended only) per 1000 sales 3 4 N/A
 N/A
 75% N/A
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

per 1000 accounts 5.49

N/A

972

963

79%

19%

45%

General admin / customer service
Home finance

per 1000 balances outstanding 4.34

per 1000 sales

 6

6

0%

100%

67%

Delays / timescales
Insurance and pure protection per 1000 policies in force per 1000 policies sold 0 0 0 0 0 N/A
Decumulation and pensions per 1000 policies in force per 1000 policies sold 0 0 0 0 0 N/A
Investments

per 1000 client accounts 2.86 

per 1000 sales or equivalent transactions

93

75

23%

51%

56%

General admin / customer service
Credit-related - (Recommended only) per 1000 accounts / loans - (Recommended only) per 1000 sales 3 4 N/A
 N/A
 75% N/A
Note 1: When providing the appropriate information on the context of complaints, a firm should choose the metric which best reflects whether the majority of business undertaken by the firm involves the provision of products or services by the firm itself or intermediation. In cases where this is not possible, a firm may provide information on context for both intermediation and provision.
 
Note 2: For provision, information on context should relate the number of complaints opened within the reporting period to the total volume of a firm’s relevant business at the end date of the reporting period. This is likely to include accounts opened, loans provided, policies sold and funds and investments provided before the commencement of the relevant reporting period.
 
Note 3: For intermediation, information on context published by a firm should relate the number of complaints opened within the reporting period to the number of sales within the relevant reporting period only.
 
Note 4: It is recommended that firms publish appropriate information on context in respect of credit-related complaints. However, publication of this data is not mandatory.
 
Note 5: When a firm publishes the ‘main cause of complaints opened’, this should be the cause category prompting the largest number of complaints for the relevant product/service grouping in Table 4 of Part A-2, DISP 1 Annex 1.

Historical complaints data for Investec Bank plc

  • 1 October 2016 - 31 March 2017

    Period covered in this report: 1 October 2016 - 31 March 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 6.55 per 1000 accounts N/A 664 668 54% 46% 72% General admin / customer service
    Home finance 15.82 per 1000 balances outstanding N/A
    		 10 8 0% 100% 88% General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments 6.91 per 1000 client accounts N/A
    		 227 243 25% 75% 87% Delays / timescales
    Credit-related N/A N/A
    		 5 5 N/A
    		 N/A
    		 60% N/A

    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    To put the above figures into context:

    • We received 6.55 complaints for banking per 1,000 relevant accounts over the period.
    • With regards to investments, for every 1,000 relevant accounts, we received 6.91 complaints over the period.
    • 15.82 complaints were opened per 1,000 balances outstanding for home finance.

  • 1 April 2017 - 30 September 2017

    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
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments 4.47 per 1000 client accounts N/A
    		 147 141 45% 55% 84% Delays / timescales
    Credit-related N/A N/A
    		 1 1 N/A
    		 N/A
    		 100% N/A
    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
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments 4.47 per 1000 client accounts N/A
    		 147 141 45% 55% 84% Delays / timescales
    Credit-related N/A N/A
    		 1 1 N/A
    		 N/A
    		 100% N/A

    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    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.

  • 1 October 2017 - 31 March 2018

    Period covered in this report: 1 October 2017 - 31 March 2018

    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

    4.11 per 1000 accounts

    N/A

    436

    437

    72%

    28%

    76%

    General admin / customer service
    Home finance

    7.60 per 1000 balances outstanding

    N/A

    6

    5

    0%

    100%

    50%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    2.50 per 1000 client accounts

    N/A

    85

    86

    45%

    55%

    70%

    Delays / timescales
    Credit-related N/A N/A
    		 8 9 N/A
    		 N/A
    		 87% N/A
    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

    4.11 per 1000 accounts

    N/A

    436

    437

    72%

    28%

    76%

    General admin / customer service
    Home finance

    7.60 per 1000 balances outstanding

    N/A

    6

    5

    0%

    100%

    50%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    2.50 per 1000 client accounts

    N/A

    85

    86

    45%

    55%

    70%

    Delays / timescales
    Credit-related N/A N/A
    		 8 9 N/A
    		 N/A
    		 87% N/A

    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    To put the above figures into context:

    • We received 4.11 complaints for banking per 1,000 relevant accounts over the period.
    • With regards to investments, for every 1,000 relevant accounts, we received 2.50 complaints over the period.
    • 7.60 complaints were opened per 1,000 balances outstanding for home finance.

  • 1 April 2018 - 30 September 2018

    Period covered in this report: 1 April 2018 to 30 September 2018

     

    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

    6.10 per 1000 accounts

    N/A

    751

    681

    57%

    43%

    80%

    General admin / customer service
    Home finance

    9.39 per 1000 balances outstanding

    N/A

    9

    10

    10%

    90%

    70%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.44 per 1000 client accounts

    N/A

    51

    56

    45%

    55%

    75%

    General admin / customer service
    Credit-related - - 8 7 N/A
    		 N/A
    		 57% N/A
    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

    6.10 per 1000 accounts

    N/A

    751

    681

    57%

    43%

    80%

    General admin / customer service
    Home finance

    9.39 per 1000 balances outstanding

    N/A

    9

    10

    10%

    90%

    70%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.44 per 1000 client accounts

    N/A

    51

    56

    45%

    55%

    75%

    General admin / customer service
    Credit-related - - 8 7 N/A
    		 N/A
    		 57% N/A

    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    To put the above figures into context:

    • We received 6.10 complaints for banking per 1,000 relevant accounts over the period.
    • With regards to investments, for every 1,000 relevant accounts, we received 1.44 complaints over the period.
    • 9.39 complaints were opened per 1,000 balances outstanding for home finance.

  • 1 October 2018 to 31 March 2019

    Period covered in this report: 1 October 2018 to 31 March 2019

    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

    5.54 per 1000 accounts

    N/A

    831

    823

    55%

    44%

    65%

    General admin / customer service
    Home finance

    4.54 per 1000 balances outstanding

    N/A

    		 5

    4

    0%

    75%

    50%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.26 per 1000 client accounts

    N/A

    46

    43

    33%

    67%

    70%

    General admin / customer service
    Credit-related - - 5 5 N/A
    		 N/A
    		 40% N/A
    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

    5.54 per 1000 accounts

    N/A

    831

    823

    55%

    44%

    65%

    General admin / customer service
    Home finance

    4.54 per 1000 balances outstanding

    N/A

    		 5

    4

    0%

    75%

    50%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.26 per 1000 client accounts

    N/A

    46

    43

    33%

    67%

    70%

    General admin / customer service
    Credit-related - - 5 5 N/A
    		 N/A
    		 40% N/A
    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    To put the above figures into context:
    • We received 5.54 complaints for banking per 1,000 relevant accounts over the period.
    • With regards to investments, for every 1,000 relevant accounts, we received 1.26 complaints over the period.
    • 4.54 complaints were opened per 1,000 balances outstanding for home finance.

  • 1 April 2019 to 30 September 2019

    Period covered in this report: 1 April 2019 to 30 September 2019

    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

    5.37 per 1000 accounts

    N/A

    827

    823

    73%

    27%

    57%

    General admin / customer service
    Home finance

    7.82 per 1000 balances outstanding

    N/A

    		 10

    9

    11%

    78%

    33%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.54 per 1000 client accounts

    N/A

    57

    51

    24%

    69%

    88%

    General admin / customer service
    Credit-related - - 7 6 N/A
    		 N/A
    		 50% N/A
    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

    5.37 per 1000 accounts

    N/A

    827

    823

    73%

    27%

    57%

    General admin / customer service
    Home finance

    7.82 per 1000 balances outstanding

    N/A

    		 10

    9

    11%

    78%

    33%

    General admin / customer service
    Insurance and pure protection 0 N/A
    		 0 0 0% 0% 0% N/A
    Decumulation and pensions 0 N/A
    		 0 0 0% 0% 0% N/A
    Investments

    1.54 per 1000 client accounts

    N/A

    57

    51

    24%

    69%

    88%

    General admin / customer service
    Credit-related - - 7 6 N/A
    		 N/A
    		 50% N/A
    Investec Bank plc takes any complaints received very seriously, and has dedicated teams to deal with complaints in the quickest and fairest way possible.
     
    To put the above figures into context:
    • We received 5.37 complaints for banking per 1,000 relevant accounts over the period.
    • With regards to investments, for every 1,000 relevant accounts, we received 1.54 complaints over the period.
    • 7.82 complaints were opened per 1,000 balances outstanding for home finance.
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