If, at the end of the complaint process you still remain unhappy, you have the right to refer your dispute to the Financial Ombudsman Service. Their service is free of charge for you. You will need to do this within 6 months from receiving the final decision letter by contacting the Financial Ombudsman Service as follows:
Their website is www.financial-ombudsman.org.uk, which includes more information about their service.
Our Complaints Report
Complaints Report - January 2021 to June 2021
We take complaints very seriously. We consider them to be an important indicator of how we are doing and use them to help us understand where things have gone wrong and how we can improve our products and services. We do this by monitoring complaint trends on a continuous basis and taking appropriate action as a result of what we learn.
Every 6 months our regulator, the Financial Conduct Authority (FCA), requires us to send a report containing information about the complaints we receive from our customers.
The FCA also requires firms to publish certain information about the complaints received if these total 500 or more in a 6 month period.
The following table gives details of the complaints data reported to the FCA:
Firm Name: Forester Life Limited (FRN: 177898)
Period covered in this report: 1 January 2021 – 30 June 2021
Brands/trading names covered: Foresters Financial
| Number of complaints opened by volume of business |
| Product/service grouping |
Provision
(at reporting 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 |
| Insurance and pure protection |
0.99 complaints per 1000 policies in force |
48 |
47 |
29.79% |
53.19% |
31.91% |
General Admin/ Customer Service |
| Decumulation and pensions |
1.44 complaints per 1000 policies in force |
22 |
23 |
17.39% |
73.91% |
34.78% |
General Admin/ Customer Service |
| Investments |
0.32 complaints per 1000
client accounts |
503 |
481 |
32.85% |
62.79% |
23.28% |
General Admin/ Customer Service |