UKGC publishes new standards
1 Oct 2018
New standards and guidance set out how consumer complaints should be handled and make clear the Commission’s expectations around:
- The types of consumer complaints we expect providers to take on.
- Principles for considering compensation.
- Decision quality standards, particularly focused on how providers look at and use evidence.
- The Ombudsman Association’s (OA) six principles of good governance which we expect providers to follow whether or not they are members of the OA.
- Conflicts of interests.
- The information and customer service providers give to consumers.
- The information and data providers share with us and others.
Following the 31 October, the Commission will begin to assess ADRs against the new standards.
