Financial Ombudsman

British  

noun

1. any of five British ombudsmen: the Banking Ombudsman , set up in 1986 to investigate complaints from bank customers; the Building Society Ombudsman , set up in 1987 to investigate complaints from building society customers; the Insurance Ombudsman , set up in 1981 to investigate complaints by policyholders (since 1988 this ombudsman has also operated a Unit Trust Ombudsman scheme); the Investment Ombudsman set up in 1989 to investigate complaints by investors (the Personal Investment Authority Ombudsman is responsible for investigating complaints by personal investors); and the Pensions Ombudsman , set up in 1993 to investigate complaints regarding pension schemes

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Example Sentences

In the UK you can complain to the financial ombudsman service and may be compensated by the financial services compensation scheme.

From BBC

Consumers will have the right to take any disputes that arise to the independent financial ombudsman.

From BBC

Michael is continuing to engage with the Financial Ombudsman Service in hope of recouping some of his father's money.

From BBC

The plans should lead to upfront checks on affordability, as well as faster access to refunds for consumers, and the right to complain to the Financial Ombudsman.

From BBC

The decision comes after a long-running legal case going back a decade, brought forward by a former financial ombudsman.

From BBC