so far it looks as corrupt as the banks & politicians

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Stokesqf411's review of Financial Ombudsman Service - www.financial-ombudsman.org.uk

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“so far it looks as corrupt as the banks and politicians”

Written on: 14/12/2014 by Stokesqf411 (1 review written)

It is the job of the FOS to apply the rules created by the FCA.
Application of regulations is, by definition, the starting point of a REGULATED MARKET.

However, the financial adjudicator tells me
"we don't apply the rules, I just do what I think. And the Ombudsman won't apply the rules either. For anything else you'd have to speak to the FCA".

Additionally, their sense of reasoning, and what is "fair" is ridiculously offensive.

Cheating pensioners out of their life savings is "fair" in the adjudicators view!

These are nasty, low intelligence, amoral, arrogant and utterly untrained.

How the hell can a NINETEEN year old be qualified to question the standard of service of professionals and people on substantial salaries. How the hell can an untrained person ie one month of training apply regulatory or legal principles.

The public are being well and truly tricked once again.

I believe that the big banks have "lobbied" re RIGGED the responses of adjudicators. Are they promising jobs to the adjudication team managers? Who knows, but it stinks like a cesspool!

You get more commonsense from an internal complaint. And lets face it, with the pathological corruption of Natwest, HBOS etc, you won't get any commonsense.

Clearly the FOS is a complete JOKE! There need to be prison sentences.

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Notofraud's Comment

Written on: 12/06/2015

You are indeed absolutely correct, the conduct of some of these people is gathering a lot of concern from the legal profession and it looks to me that jail terms should be called for as the blatant abuses of established law and the Human Rights Act are obvious and appalling, yet the Omdusmanand staff remain totally impervious and unaccountable

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