Financial Jargon Buster Dictionary
This glossary is provided for information only and is not regulated by the Financial Services Authority.
A B C
D E F
G H I
J K L
M N O
P Q R
S T U
V W X Y Z
Financial Ombudsman
The Financial Ombudsman was set up to provide a free and independent service to resolve disputes between consumers and financial firms. Consumers must complain to the firm involved first, but thereafter the Financial Ombudsman will aim to resolve the dispute within six months.
The United Kingdom's Financial Ombudsman Service is an ombudsman established in 2001 as a result of the Financial Services and Markets Act 2000 to help settle disputes between consumers and UK-based businesses providing financial services, such as banks, building societies, insurance companies, investment firms, financial advisers and finance companies.
|