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Should i accept Barclays offer or continue with FOS complaint

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  • dunstonh
    dunstonh Posts: 119,786 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    By palm complaints off I mean they refuse to deal with it properly and the complainant is forced to escalate the complaint.

    But the FCA dont get involved.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    dunstonh wrote: »
    But the FCA dont get involved.
    As I said, the poster is somewhat confused (and being unable to link to any kind of news article is hardly helping).

    I expect "DaveTheMus" should be substituting "FOS" for "FCA", but despite this being pointed out (twice) he seems to be continuing his apparent error.

    £5000 per complaint (win or lose) is a ridiculously large amount.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    quaybab wrote: »
    Adjudicators and ombudsman have no obligation to look at laws, rules etc or take facts into account.
    FCA Rule DISP 3.6.4R says they should.
    In most cases at the FOS the decision is made first and the reason for it fabricated afterwards.
    I believe that too. I was recently looking at a case where an adjudicator said that a complainant had no previous experience of investments with any risk at all - despite having been given documentation showing they held £80,000 in shares.
  • Am still pursuing this situation! Do you have the actual letter or email where Stonebridge tell you in writing that they got your card details from Barclays? Please let me know.
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