Welcome to the latest edition of Ombudsman News. In this edition we highlight our complaints data for October to December 2021, and our recently published diversity, inclusion and wellbeing report. We also share our online guidance for financial businesses about our approach to complaints about storm and flood damage.

See our previous editions of Ombudsman News.

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We’ve published our complaints data and insight for October to December 2021

Our complaints data for October – December 2021 is now available on our website. It includes information and insight about the most complained about financial products and services during the quarter. 

Visit our website to see the latest trends in our complaints data and the insight we share about our approach.

 

See the full data and insight

Our approach to complaints about packaged bank accounts

Packaged bank accounts are current accounts with a “package” of extra features like mobile phone and travel insurance, or preferential rates on overdrafts and loans. We often hear from people who complained to their bank as they haven’t used the extra features. Not using the features of a packaged bank account, however, doesn’t necessarily mean that the account was mis-sold.  

Packaged bank accounts were one of the most complained about products in the third quarter of this financial year. We have information available on our website for consumers and for financial businesses to help all our customers understand our approach to dealing with complaints like this and to share examples of what we have said in cases we have resolved.

 

Information for consumers  Information for businesses 

Diversity, inclusion and wellbeing – our 2021 report

We’ve published our diversity, inclusion and wellbeing report for 2021. The report includes an update on our diversity, inclusion and wellbeing action plan, recent external recognition and accreditations, and includes our gender and ethnicity pay gap data.

 

Read the full report

Storm and flood damage complaints – information for financial businesses

Several parts of the UK have been affected recently by storms and flooding. We often see complaints from consumers who tell us they’re unhappy with the way their insurer handled their claim, or because their claim was rejected.

If you are dealing with a claim from a consumer who experienced loss or damage caused by the storm or flood, you can find information on our website about our approach as well as details of our technical desk if you need to speak to us informally about a complaint you’ve received.

 

Information about storm damage  Information about flood damage 

Financial Ombudsman at ABI annual conference 2022

We attended the ABI annual conference earlier this week. Ombudsman Leader, Rachel Lam, took part in a panel discussion about the UK data landscape and what it means for insurance and long-term savings providers. Rachel outlined how the Financial Ombudsman uses data to understand and identify trends in the complaints we receive, to inform our engagement with businesses and to help prevent complaints arising.

 

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Latest news

Ombudsman News 170

31 March 2022

Welcome to the latest edition of Ombudsman News. In this edition we share a summary of what’s covered in our recently published plans and budget for the year ahead, outline changes to our award limits from next month and share links to our online guidance for consumers about storm damage complaints.

Storm Damage Plans and budget Recruitment

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Financial Ombudsman publishes diversity, inclusion and wellbeing report for 2021

24 February 2022

Our latest report includes our action plan, our recent external recognition and accreditations, and our gender and ethnicity pay gap data, as well as our staff diversity data.

Diversity, inclusion and wellbeing reports

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Financial Ombudsman publishes latest quarterly complaints data

23 February 2022

The Financial Ombudsman Service has today published its quarterly data in relation to financial products today – this covers the period October 2021 - December 2021.

Q3 data Press release Packaged Bank Accounts

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