Defrauded of £800,000 but we're caught between the bank and the ombudsman

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

The bank will only pay half and the ombudsman has £150,000 limit

Defrauded, but forced to choose between a bank offer and a final ruling by the Financial Ombudsman Service.Defrauded, but forced to choose between a bank offer and a final ruling by the Financial Ombudsman Service.An elderly relative was defrauded of their life savings – over £800,000. After exhausting the complaints process with the bank, which offered no compensation, we referred our case to the Financial Ombudsman Service.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I guess there's no harm in asking for an Ombudsman's final decision - you don't have to accept it if it's not what you want and it's not binding on anyone if you reject it. It might also be handy in any subsequent court case, if the bank refuses to pay out

When I was Defrauded of my divorce settlement the ombudsman did not want to KNOW.

Хоть здесь говорят правду

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Famous Simpsons clip resurfaces as 2020 continues being 2020And we're not even halfway through
Source: The Independent - 🏆 80. / 59 Read more »

Five-month-old Brazilian 'miracle' baby recovers from virus after spending 32 days in comaBaby Dom caught virus a few months after being born, his parents say 💗💗 That's better. Some positive, heartwarming news 👍
Source: The Independent - 🏆 80. / 59 Read more »

Are public toilets open and can you use service station toilets?We're here to ask all the important questions 🚽
Source: MetroUK - 🏆 13. / 82 Read more »

British beaches packed as furloughed people join crowds enjoying heatwaveWORK-FREE Britons flocked to the beach yesterday to catch the last of the spring heatwave. Well of course they have so much time on their hands. Stay on the beaches ... leaves the glorious countryside empty for me. Anyone who was at the beach on Monday will have seen home schooling in action.Had I been paid a £1 a child for those who should have been learning I would be a very rich man.Lessons in chips and ices were the subjects for the day.
Source: Daily Express - 🏆 26. / 68 Read more »

Bank of England governor urges banks to step up no-deal Brexit plansThe Bank of England governor told bank chiefs they should intensify their readiness for a no-deal Brexit, Sky News learns. diane_boyle the man who knew about widespread corruption & fraud at the financial ombudsman service and did absolutely nothing at all about it Good
Source: SkyNews - 🏆 35. / 67 Read more »

We've pulled together a whole look from Zara for under £100We've searched the high street, so you don't have to. Here is a full look from Zara for under £100.
Source: OK_Magazine - 🏆 12. / 84 Read more »