Ombudsman News 190
8 April 2024
Welcome to the latest edition of Ombudsman News. In this edition, we highlight our Plans and Budget for 2024/25 and changes to our award limits. We also share details of roles we’re currently recruiting for.
PayPal (Europe) S.ar.l. et Cie, S.C.A (PayPal) is withdrawing from the Financial Ombudsman Service’s voluntary jurisdiction with effect from 1 December 2022. There will be an impact on the types of complaint we will be able to consider about PayPal.
As part of changes arising from the United Kingdom’s exit from the European Union, PayPal is withdrawing from our voluntary jurisdiction (VJ).
Our voluntary jurisdiction is a scheme that financial businesses can choose to join in order to allow the Financial Ombudsman to consider complaints about their activities where those activities are not otherwise covered by our compulsory jurisdiction. A financial business who joins our voluntary jurisdiction can also apply to withdraw from it at any time.
When PayPal joined the FCA’s Temporary Permissions Regime, it became subject to the Financial Ombudsman’s compulsory jurisdiction for complaints about services provided into the UK on or after 1 January 2021. PayPal’s withdrawal from the voluntary jurisdiction does not affect an otherwise eligible complainant’s right to complain to the Financial Ombudsman Service about an activity that PayPal undertook after this time.
If eligible complainants have a complaint about PayPal about events that took place before 1 January 2021, they must send us their complaint before PayPal leaves our voluntary jurisdiction on 1 December 2022, otherwise we may unable to consider the complaint.
This table summarises what this means for making a complaint about PayPal to the Financial Ombudsman:
When the activity you want to complain about took place |
Impact on your complaint to the Financial Ombudsman |
---|---|
The activity took place before 1 January 2021 and you have already complained to the Financial Ombudsman |
Your complaint will not be affected by PayPal’s withdrawal from the VJ |
The activity took place before 1 January 2021 and you have not yet complained to the Financial Ombudsman |
If you have already complained to PayPal and PayPal has issued its final response letter, you must refer your complaint to the Financial Ombudsman before:
If you have not yet complained to PayPal, you should do so as soon as possible. |
The activity took place on or after 1 January 2021 |
Complaints about these activities will not be affected by PayPal’s withdrawal from the VJ |
8 April 2024
Welcome to the latest edition of Ombudsman News. In this edition, we highlight our Plans and Budget for 2024/25 and changes to our award limits. We also share details of roles we’re currently recruiting for.
4 April 2024
Today we published our final Plans and Budget detailing the next phase of our transformation, whilst confirming the increased caseload we expect in the upcoming financial year.
13 March 2024
The Financial Conduct Authority (FCA) has confirmed an increase to our award limits from 1 April 2024.