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Complaints publication report

Firm Name Yorkshire Building Society
Other firms included
in this report		 Barnsley Building Society
Chelsea Building Society
Chelsea Mortgage Services
Norwich & Peterborough Building Society
Egg mortgage and savings
Period covered 1 Jul 2012 - 31 Dec 2012

Below is a table showing how many complaints Yorkshire Building Society received and dealt with from 1 July 2012 to 31 December 2012. The comparative figures show how these relate to the number of accounts or income in each grouping, to allow comparisons to be made with other financial organisations on a consistent basis.

Grouping No. of new Complaints Opened No. of Complaints Closed. Complaints closed within 8 weeks (%) Closed Complaints Upheld (%) by YBS
Banking 2,422 2,391 99.2% 28.8%
Home Finance 959 1,012 97.1% 34.6%
General Insurance & Pure Protection‡ 5,146 5,801 98.3% 6.2%
Life, Pensions and Decumulation 133 141 71.6% 16.3%
Investments‡ 107 118 93.2% 25.4%

To put the above figures into context:

  • We have 3.82 million savings accounts and received 0.63 complaints for every 1000 accounts.
  • Of the 197,746 mortgage accounts, we received 4.84 complaints for every 1000 mortgages.
  • We received 293.2 general insurance and pure life protection complaints for every £1m of annual income. This figure is higher than normal due to the unprecedented level of mortgage payment insurance complaints, largely due to speculative claims from Complaint Management Companies.
  • For every £1m of Investment income, we received 8.54 complaints.

Complaints are very important to us even though they represent a very small number in relation to our total customer base. We endeavour to deal with these as quickly and fairly as possible and we have developed our process for handling complaints with the customer at its heart. If you have any reason to complain, please contact us and we will do our utmost to resolve the matter with you.

The Financial Ombudsman Service also publish complaint data regarding the number of complaints received and the proportion upheld by the Ombudsman for individual firms. Details can be found at the Financial Ombudsman Service publication of complaints data.

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Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.

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Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We are entered in the Financial Services Register under registration number 106085.

Any reference on this website or in our literature to the Financial Services Authority (FSA) should be deemed to mean the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).