A Financial Ombudsman Service executive has urged firms to "embrace, encourage and celebrate" complaints, arguing they need to plan for imperfections.
The Legal Ombudsman has warned the sector is at risk of dragging down its reputation to the level of the financial services industry through the mis-selling of confusing legal products and services.
The Financial Ombudsman Service (FOS) has set its budget for 2012/3 at £191.1m, meaning both the case fee and total levy will be frozen for the third year running.