Incompetent and lack of customer service
I am a wealth customer now I have transferred my SIPP from HL to consolidate with my ISA I already had with FI. I have had nothing but problems since
1) entering drawdown in my FI Sipp last year - they sold all my funds and 'rebalanced' by mistake - it took from Oct to Jan to rectify with a lot of calls emails promises and the response to my complaint which has been promised for months was a one page document with little detail - hardly the detailed report I had been promised for months , they put £200 in my bank and shut the complaint with no discussion at all - the author has now left the company apparently. (this was done by confusion about me entering DD with FI when they had already setup a dummy SIPP for the funds I had at HL)
2) the transfer in from HL took months instead of weeks , again no reasonable reply, HL delayed for 5days and credited me £380 waived the exit fees (which would have been refunded so benefitted FI ), all the relays were down FI with know appropriate replay
3) After all this an employer contribution was made a couple of weeks ago, FI created a new account and sent me a welcome letter instead of adding to my existing SIPP - astonishing
4) The website 'upgrade' happened during all these issues and I can't believe it was signed off for release - its terrible. Something basic like performance of funds in a SIPP is not there I was told the data is on different systems. I await the upgrade in the next FY.
I should have been a wealth customer in October instead of December and I still don't know whether the appropriate charges were levied (as promised) at the lower rate.
I have a wealth manager now who is very pleasant and helpful when I ring, she is trying to sort these issues, but, at this time I don't believe the procedures , will or urgency is in place to support her.
So ATM I have very low regard for the company and will consider moving to another provider if things don't improve very quickly - but I may well start the whole process again with another provider as problems in the in species process seem to be an industry issue.
I will update this review if I get (at last) the basic customer service I have been seeking for months.
March 3, 2018
Unprompted review