Homeserve to outsource handling of complaints
Homeserve, the troubled emergency repair company, is to outsource its complaints handling following a mis-selling scandal.
Homeserve, the troubled emergency repair company, is to outsource its complaints handling following a mis-selling scandal.
The firm, which in essence provides emergency insurance cover, had to stop all telesales activity in October after evidence that some customers did not really understand what they were buying.
The company said its UK business continues to make good progress in recommencing its sales and marketing activities. Inbound activity has now increased to cover around 70% of UK affinity partner households and preparation is well underway for the January marketing mailings.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Separately Homeserve, whose main access to market is through partnerships with utility companies, has announced a new affinity agreement with Sembcorp Bournemouth Water (SBW).
SBW serves 200,000 residents while also having 10,000 of its own home emergency policy holders.
Homeserve, through its network of affinity agreements, now has access to 15 water companies serving 23.5 million households.
Today's news saw Homeserve's share price gain 0.14% in early trading. In the year to date the shares are down 33.5%.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Is Donald Trump's re-election a wake-up call for Europe?
Donald Trump will turbocharge the US economy – and expose Europe's weakness
By Matthew Lynn Published
-
German chancellor Olaf Scholz's coalition collapses – what went wrong?
EU Economy After Olaf Scholz fired a key minister, Germany's coalition has collapsed. But political turmoil in the country couldn’t have come at a worse time
By Emily Hohler Published