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.
Ombudsman publishes latest complaints data on individual financial businesses
The Financial Ombudsman Service has published its latest six-monthly complaints data on individual business and groups today.
The data features complaint numbers about banks, insurance companies and other financial businesses received by the ombudsman service between 1 July – 31 December 2017.
- 219 businesses feature in the complaints data - down by 11% when compared to the first six months of 2017 ( H1 2017).
- We received a total of 165,406 new complaints - a decrease of 3% when compared to H1 2017 (170,083).
- Of this figure, 92,231 were about PPI - an increase of 3% when compared to H1 2017 (89,513).
- Consumer credit complaints continued to increase - up 11% to 16,328 when compared to H1 2017 (14,752).
Look at the complaints data now available on individual financial businesses.
Latest news
Financial Ombudsman increases complaint level predictions as performance continues to improve
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.
Increase to our award limits
13 March 2024
The Financial Conduct Authority (FCA) has confirmed an increase to our award limits from 1 April 2024.