Latest complaints data published by the regulator has revealed a record number of second half complaints over investment products, driven by a rise in reports focusing on unit trusts and OEICs.
Figures for the six months to 31 December 2014 show a total of 44,010 complaints were made by consumers about investments over the period, down from the 46,149 reported in H1 2014 - which incorporates ISA season - but the highest second half volume since records began in 2010. The uptick was driven by a spike in the number of complaints relating to unit trusts, OEICs and structured products, according to the FCA's aggregate data. The number of complaints over unit trusts and OEICs stood at 6,969 for the period, up from 4,290 in the first half, 3,719 in the second half of 2013 and more...
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