Ombudsman tells firms: 'embrace and encourage' complaints

clock

A Financial Ombudsman Service executive has urged firms to "embrace, encourage and celebrate" complaints, arguing they need to plan for imperfections.

Tony Boorman, the deputy chief ombudsman, told an audience of bankers, insurers and intermediaries that errors will always be made, despite the efforts of both businesses and regulators, leading to complaints. "I want you to encourage them and to celebrate them for what they can be - essential insights into how you can improve your service and better meet the needs of your customers," he said. Speaking at the Customer Experience Management for Banking & Financial Services conference last week, he said that, while products may be created "in good faith", they will still end up being di...

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

News editor's view: Simplified advice added to the advice/guidance menu

News editor's view: Simplified advice added to the advice/guidance menu

The news editor's Friday Night Takeaway from 27 March

Isabel Baxter
clock 27 March 2026 • 4 min read
FCA consults on increased fees amid AI plans

FCA consults on increased fees amid AI plans

Regulator proposes to raise minimum and flat fees by 1%

Sophia Panayi
clock 26 March 2026 • 3 min read
FCA looks to drop annual suitability review requirement for ongoing advice services

FCA looks to drop annual suitability review requirement for ongoing advice services

Regulator pushes for ‘periodic’ assessments instead

Isabel Baxter
clock 25 March 2026 • 2 min read