Sterling ISA and Investment Account complaints information
We are committed to giving you a high standard of service. If you believe we’ve not delivered this we would welcome the opportunity to put this right for you. The first step is to let us know your concerns either by phoning or writing to us explaining your concerns using the contact details below. We’ll be able to deal with your query quicker if you quote your plan number.
Our contact details are:
PO Box 461
What you can expect from us
Many concerns can be resolved straight away by providing you with an immediate explanation to answer them. If we are unable to resolve your concerns straight away, we will write to you promptly to let you know we have received your complaint and how we intend to deal with it. If you raise your concerns by phone, the initial letter you receive will confirm our understanding of your complaint, so that you have a chance to tell us if we have misunderstood anything.
Resolving your complaint
If we are unable to provide an immediate explanation, we will look into your concerns contacting you if we need any further information.
We'll keep in touch with you regularly until we’ve completed our investigation.
Our Regulator, the Financial Conduct Authority, expects complaints to be investigated and resolved within eight weeks, although we will aim to do this as quickly as possible. In the unlikely event your complaint will take longer than eight weeks to resolve, we will write to you at that time to explain why and to confirm whether, and how, you can refer your complaint to the Financial Ombudsman Service if you are unhappy with the delay
Once we've completed our investigation, we'll write to you or phone you to explain:
- the outcome of our investigation
- where relevant, any offer of compensation the Company is prepared to make
- if applicable, details of how you can refer your complaint to the Financial Ombudsman Service (FOS), if you remain dissatisfied with our decision and how long you have to refer your complaint
If you’re not happy with the outcome
If you still feel unhappy with the outcome of our investigation, you may be able to ask the Financial Ombudsman Service to review your case. This is a free and impartial service.
(Please note there is a maximum financial award the Financial Ombudsman Service can offer you for a complaint following an investigation. This is currently £150,000).
The contact details for the Financial Ombudsman Service are:
Financial Ombudsman Service
Calls to this number are free on mobile phones and landlines
You can also use the European Online Dispute Resolution platform to provide details of your complaint, which will then be forwarded to the Financial Ombudsman Service.
Complaints Data Publication
We are committed to provide you with information relating to the volume of complaints received and the time taken to resolve these.
Firm name: Sterling ISA Managers Limited
Period covered in this report: 1 July 2017 to 31 December 2017.
The following complaints relate to complaints for the period 1 July 2017 to 31 December 2017.
|H1 2017||Number of complaints opened by volume of business||Number of complaints opened||Number of complaints closed||Percentage closed within 3 days||Percentage closed after 3 days and within 3 weeks||Percentage upheld|
|Decumulation and Pensions||0.92 per 1000 policies in the force||360||328||17.4%||79.9%||71.0%|
|Investments||1.7 per 1000 policies in the force||200||221||29.4%||67.0%||58.8%|
The 560 complaints received by the Sterling ISA Managers Limited during the period, represented fewer than 20 complaints per £1m of annual income.