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 July 2024 to 31 December 2024

Overall

In H2 2024 complaint volumes were up 10.6% versus H1 2024.

Information Message

Banking & Credit Cards

Our 1,570 banking and credit card complaints stem from our 289,000 accounts. This works out at over 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 seven complaints.

Information Message

Investments

We received less than two complaints 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

5.43 per 1,000 accounts

N/A

1,570

1,562

50%

49%

47%

Other general admin / customer service

7.73 per 1,000 balances outstanding

N/A

92

109

11%

70%

58%

Other general admin / customer service

0.93 per 1,000 policies in force

N/A

14

14

29%

71%

36%

Other general admin / customer service

4.25 per 1,000 policies in force

N/A

20

15

0%

80%

60%

Other general admin / customer service

1.66 per 1,000 client accounts

N/A

80

75

4%

65%

72%

Other general admin / customer service

15

18

28%

56%

56%

Other general admin / customer services