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When Banks don't Act on FOS Findings
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Those will be questions for the Manager after the Ombudsman has completed their investigation into TSB.0
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I was advised that when TSB are aware of Ombudsman involvement they may come through with an offer.0
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If TSB do come through with an offer, if you are willing to accept it, I'd still try to get the Ombudsman to make it his (or her) legally binding decision so that you don't end up asking for the case to be reopened some weeks later when it doesn't materialise.
TSB are refuting that it's them that have sent this to the Ombudsman despite have failed to act on FOS recommendations from 18th December.0 -
TSB are refuting that it's them that have sent this to the Ombudsman despite have failed to act on FOS recommendations from 18th December.
Seems to me this case will form a valuable precedent for the FOS regarding what happens when a firm breaches its regulatory obligation to cooperate with the service.0 -
So they've paid you then yes? If not, then they've sent it to an Ombudsman by not complying with the decision.
Seems to me this case will form a valuable precedent for the FOS regarding what happens when a firm breaches its regulatory obligation to cooperate with the service.
If, of course, they were ever told of the decision!0 -
The Manager has confirmed they were given three weeks.
It's clear the issues within customer services and compliance are long standing and showing no signs of going away. The FCA ought to step in and take enforcement action, such as preventing TSB from taking on any new customers until they have cleared the backlogs of complaints and demonstrated improved CS performance.0 -
TSB are refuting that it's them that have sent this to the Ombudsman despite have failed to act on FOS recommendations from 18th December.The Manager has called to advise that TSB are not playing ball and has further advised that the case should go to an Ombudsman and I have agreed to this.
Manager: Are you going to pay up as per FOS decision?
TSB: No.
Manager: If you're refusing then this is going to an ombudsman.
TSB: OK [bring it on, we're not paying another penny, etc]0 -
I find this puzzling in the light of yesterday's update:Surely the conversation must have been along the lines of:
Manager: Are you going to pay up as per FOS decision?
TSB: No.
Manager: If you're refusing then this is going to an ombudsman.
TSB: OK [bring it on, we're not paying another penny, etc]
This is a good point and is an issue in how the case is being managed as it is me who has to trigger the Ombudsman action, however I have put in a stipulation that this has really been triggered by TSB's failure to comply.0
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