making-a-complaint

Legal & General Portfolio Management Services Ltd

Latest report

Firm name: Legal & General Portfolio Management Services Ltd
Group: Legal & General
Other firms included in this return (if any): None
Period covered in this return: 1 January to 30 June 2024
Brands / trading names covered: Legal and General (Portfolio Management Services) Limited 
This includes complaints about: Workplace Personal Pensions, Non-workplace Personal Pensions, Income Drawdown, Individual Savings Accounts (ISA) and Structured Products*.

Number of complaints opened by volume of business

Product /service grouping Provision (at reporting period end date) Number of complaints opened Number of complaints closed Percentage closed within 3 days Percentage closed after 3 days but within 8 weeks Percentage upheld Main cause of complaints opened
Banking and credit cards
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Home Finance
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Insurance and pure protection
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Decumulation and pensions 0.24 per
1000 policies in force
565 590 57.11% 42.20% 74.91% General Admin / Customer Service
Investments 1.22 per
1000 client accounts
6 5 60.00% 40.00% 80.00% General Admin / Customer Service
Credit related
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Claims management
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Previous report

Number of complaints opened by volume of business

Product /service grouping

Provision (at reporting period end date)

Number of complaints opened

Number of complaints closed Percentage closed within 3 days Percentage closed after 3 days but within 8 weeks Percentage upheld Main cause of complaints opened
Banking and credit cards
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Home Finance
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Insurance and pure protection
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Decumulation and pensions 0.24 per
1000 policies in force
555 592 41.38% 56.75% 73.82% General Admin / Customer Service
Investments 1.51 per
1000 client accounts
8 9 33.33% 66.67% 33.33% Advising, Selling and Arranging
Credit related
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Claims management
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Notes

Provision (at reporting period end date) - Number of complaints opened by volume of business

Number of complaints opened - The total number of reportable complaints we received during the reporting period

Number of complaints closed - The total number of closed reportable complaints where we have finished looking into the customers’ concerns and sent out our summary or final response letter

Percentage closed within 3 days - The total percentage of complaints that we have resolved to our customers’ satisfaction, by close of business on the third business day following the day on which it was received

Percentage closed after 3 days but within 8 weeks - The total percentage of complaints closed after 3 days where we have finished looking into our customers’ concerns and sent out our final response letter within 8 weeks of receiving their complaint

Percentage upheld - This is the percentage of complaints where we agreed with the customer that something had gone wrong and that we were at fault

*Structured Products - These products are now closed to new business