BDO's Tim Kirk outlines six steps to dealing with client gripes (and keeping the FSA at bay)
Offering a superior customer experience is increasingly an area where advisers, and other financial services firms, are seeking competitive advantage. Consumer protection also remains a key priority for the FSA. However, in the view of the regulator and the Financial Ombudsman Service, too many firms are failing to respond properly to customers' complaints. Providing a good customer experience after a firm makes a mistake (real or perceived), and meeting the requirements of regulators, means: making it easy for customers to complain; investigating all complaints fully and within a r...
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