MSE News: Ombudsman recruits extra staff to beat PPI logjam
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"The Financial Ombudsman Service has moved to tackle the huge delays for consumers who reclaim mis-sold PPI..."
"The Financial Ombudsman Service has moved to tackle the huge delays for consumers who reclaim mis-sold PPI..."
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Comments
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If it speeds the process for those waiting months (and months) then this can only be a good thing.0
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Where/how does someone apply for one of these positions?"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
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Ive been there, its good but its tough. They are mostly all contractors (like myself) who deal with adjudicating on PPI. I hear its better now, now Deloitte are not managing it.
Ranstad Financial resource for the position (www.ranstad.co.uk). Its £205 per day if you have experience.0 -
Marvellous, agency gets £200 a day, contractor gets £205?
We'll be lucky if the tax payer manages to get £405 worth of payout for every £405 spent.0 -
Sorry I dont understand what you mean, FOS is funded by the banks/FS firms and FOS dont make payouts. Its currently a £500 referal fee to firm, going up soon to £850 for PPI complaints referred.0
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Are we really naiive enough to think that all these £500/£850's wont come back to haunt consumers in future product pricing?0
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The customer will pay for it in the end!
The big Banks have more than enough resources to absorb these costs. I doubt we'll see any big price hikes in their goods and services for example, as customers will just shop elsewhere.0 -
Sorry I dont understand what you mean, FOS is funded by the banks/FS firms and FOS dont make payouts. Its currently a £500 referal fee to firm, going up soon to £850 for PPI complaints referred.
I assumed FSA (if it's still called that) and FOS are government funded, otherwise it's rather incestuous. If the banks are really paying for the FOS, they need to fine the bad banks, on top of the payouts, so the good banks don't pay for the extra admin, which just end up getting paid for by the bank customers.
Contractors hired through agencies give a cut to the agency, Temps can easily get less than the agency per day.
Permanet staff hired through agencies has a fee of three to six months salary paid by the employer.0
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