It has been reported that certain recommendations FSA
(financial services authority) has received certain recommendations from
complaint commissioner sir Anthony Holland. Now, FSA will pay petitioner to
increase rectification if fails to notify debt collection agency which has
already paid the complainant. Fines may be required in case of already paid
Further Anthony Holland has instructed FSA to pay a total of
£500 to an unnamed complainant after recognizing certain situations. It has
been recognized that FSA has failed to provide that level of financial service
that is generally expected by the public or the member of industry.
It is further stated that the regulator failed to notify the
debt collection agency that all fines has been paid and in order to resolve
upper tribunal proceedings it is required to pay just £2, 762.10. This figure
has been extracted from a complainant.
When regulator recognize its failings then propose a payment
of £50 against the trouble. Later, it is ready to pay £150 following the
petition by the firm. Sir Anthony has said that the whole thing was a pathetic.
FSA (financial services authority) has overview the complaint of debt
collection agency and also accepted the errors made by him as the authority has
failed to notify to the agency that its whole fee has already been paid. It
also offers a financial award of £50 and when collection agency was not happy
with the award then it offers more amounts. Whatever the things has happened
was not good.
Adviser has send second invoice that was similar to the first
one. In first invoice, it has claim for £2650 to regulator. The amount has
included average PI award along with the change and VAT.
Complainant commissioner was not ready with this much award
and he wants from FSA to propose payment of £500 for this pathetic act.
Robin Smith has well experience of Debt Advisor. He shares
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