Of course we try to keep all of our members happy, all of the time - but sometimes, we get things wrong.
So if you're not totally happy with any part of our service please let us know so we can put it right as quickly as possible.
Under the Financial Service Authority's Dispute Resolution: Complaints Rule Book, and in common with other financial institutions, we are required to publish details of the numbers of complaints we receive every six months.
Complaints publication report
Firm name: Coventry Building Society
Period covered in this report: 1st January 2013 - 30th June 2013
Brands/trading names covered: The Coventry
|Number of complaints opened
||Number of complaints closed
||Complaints closed within 8 weeks (%)
|General insurance and pure protection
|Decumulation, life and pensions
We have seen a significant fall in the overall number of reportable complaints - a drop of over 30% when compared to the previous six-month period. The number of new complaints reported is the lowest for the Society since the second half of 2011.
Nevertheless, we continue to see a large amount of speculative complaints relating to the alleged mis-selling of payment protection insurance and mortgage payment protection insurance. Many continue to be referred to us by Claims Management Companies. A significant proportion of complaints registered - around 63% over this period - are from people who have never bought such a policy from the Society.
The level of complaints relating to our core savings and mortgage business continues to fall, despite the Society experiencing considerable growth in business volumes over the period in question.
Coventry has nearly 1.6 million members and at 30 June 2013 we looked after approximately 1.84 million savings accounts and 233,500 mortgage accounts.
Over the six month period, we received one reportable banking complaint for every 3,268 savings accounts and one reportable home finance complaint for every 594 mortgage accounts.
Over the same period we processed over 13.7 million transactions for our saving and borrowing members.
All complaints are a matter of concern to us, even when they represent a small percentage of our total membership. That's why we work hard to resolve any member's complaint at the point of contact. It's why we have a complaints procedure that puts the member first.
We hope you never have to complain. But if we get things wrong, we aim to put them right.