Complaints Commissioner flags problems with FSA dealings

clock

The Complaints Commissioner has used his annual report to highlight problems his office faced when dealing with the Financial Services Authority (FSA).

Sir Anthony Holland said he had told the FSA board "on a number of occasions" that for complaints to be dealt with effectively the Complaints Commissioner's Office must have access to all documentation. "The commissioner would also reiterate that when reviewing a complaint it is (initially) a matter for the complaints team and (later) for the commissioner rather than the relevant department within the FSA to decide upon what is relevant material which should be disclosed in connection with the complaint," the report said. Holland said failing to provide full disclosure to the complain...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's vulnerability findings flag lack of tailored training and understanding

FCA's vulnerability findings flag lack of tailored training and understanding

Many firms had taken positive action but ‘areas for improvement remain’

Isabel Baxter
clock 07 March 2025 • 6 min read
FCA urges principal firms to check PII cover

FCA urges principal firms to check PII cover

Regulator finds 10% of sampled firms may not have adequate cover in place

Isabel Baxter
clock 28 February 2025 • 1 min read
FCA to undertake MPS Consumer Duty review

FCA to undertake MPS Consumer Duty review

Regulator recognises the sector has been ‘growing at pace’

Isabel Baxter
clock 26 February 2025 • 2 min read