We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
CMSs reduce chances of success
magpiecottage
Posts: 9,241 Forumite
Statistics from the Financial Ombudsman Service show you are LESS likely to have a complaint upheld if you use an ambulance chaser than if you do it yourself.
A report here says:
"On average, claims brought to the ombudsman by a claims management company are less likely to be upheld, with only 22 per cent - or 113 - of the 494 cases they brought in 2015 being successful.This compares to cases against advisers in general, which had an uphold rate of 34 per cent in 2015.
A similar pattern was seen in 2014, when 35 per cent of complaints against advisers were upheld, but those brought by claims management companies were only upheld in 24 per cent of cases.
A spokesman for Fos stated some people believe their chances of having a successful complaint is increased by using a complaints management company, but he pointed out the ombudsman’s data shows that is not the case."
A report here says:
"On average, claims brought to the ombudsman by a claims management company are less likely to be upheld, with only 22 per cent - or 113 - of the 494 cases they brought in 2015 being successful.This compares to cases against advisers in general, which had an uphold rate of 34 per cent in 2015.
A similar pattern was seen in 2014, when 35 per cent of complaints against advisers were upheld, but those brought by claims management companies were only upheld in 24 per cent of cases.
A spokesman for Fos stated some people believe their chances of having a successful complaint is increased by using a complaints management company, but he pointed out the ombudsman’s data shows that is not the case."
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards