Overlay

Coutts & Company

Overview

  • Firm name: Coutts & Company.
  • Group: NatWest Group.
  • Other firms included in this return (if any): None.
  • Brands/ trading names covered: Coutts & Company.

Current reporting period

01 January 2024 to 30 June 2024

Overall

In H1 2024 complaint volumes were up 7% versus H2 2023.

Information Message

Banking & Credit Cards

Our 1,368 banking and credit card complaints stem from our 286,000 accounts. This works out at under five complaints per 1,000 relevant accounts.

Information Message

Home finance loans

For every 1,000 home finance loans that we had outstanding, we received over eleven complaints.

Information Message

Investments

We received more than one complaint for every 1,000 investments we manage for our clients.

Information Message

Provision (at reporting period and end date)

Intermediation (within the reporting period)

Number of complaints opened

Number of complaints closed

% closed within 3 days

% closed after 3 days but within 8 weeks

% upheld

Main cause of complaints opened

4.78 per 1,000 accounts

N/A

1368

1386

49%

50%

51%

Other general admin / customer service

11.1 per 1,000 balances outstanding

N/A

131

129

14%

71%

66%

Other general admin / customer service

0.74 per 1,000 policies in force

N/A

11

11

64%

36%

45%

Other general admin / customer service

2.47 per 1,000 policies in force

N/A

13

10

0%

100%

80%

Delays / timescales

1.41 per 1,000 client accounts

N/A

66

56

0%

79%

77%

Other general admin / customer service

28

28

11%

79%

46%

Other general admin / customer services