Ensuring a Fair Resolution Process: Handling Customer Complaints with FDRC UK

At FDRC UK, we are committed to providing a fair and efficient process for resolving customer complaints. Here’s what happens when a customer files a complaint with the Financial Dispute Resolution Commission:

1. Initial Steps:
When a customer submits a complaint, the first step is to confirm whether they have already approached the member involved to attempt a resolution through the member’s own Internal Dispute Resolution (IDR) process.

2. Member’s Responsibilities:
FDRC UK’s Rules mandate that every member must designate a complaints contact person and establish an Internal Dispute Resolution (IDR) Procedure. This procedure outlines specific responsibilities for members when handling complaints:

a. Timely Response: Members are required to respond substantively to a complaint as soon as possible, but within a maximum of 10 business days.

b. Substantive Response: A substantive response should include the following elements:

Acknowledgment of the customer’s complaint.
Offering compensation where appropriate.
If the complaint is rejected, providing a clear and reasoned explanation for the decision.

3. Customer Satisfaction: If the customer has already pursued the IDR Procedure and remains dissatisfied with the outcome, they have the right to escalate the issue and make a formal complaint to the Financial Dispute Resolution Commission.

Professional Handling of Complaints:
FDRC UK encourages its members to approach each complaint with the utmost professionalism and dedication to customer satisfaction. It’s essential to ensure that complaints are addressed promptly and thoroughly, with a commitment to fair and equitable resolutions.

Our Role in the Process:
As an independent dispute resolution entity, FDRC UK is here to ensure that the resolution process is conducted fairly and transparently. We serve as a neutral third party, dedicated to upholding the highest standards of ethical finance and dispute resolution.

Your Commitment Matters:
By diligently following the IDR Procedures and handling customer complaints professionally, you contribute to the integrity and effectiveness of the dispute resolution process. Your dedication to ethical finance is valued within the FDRC UK community.

We are here to support you in providing exceptional service to your customers while upholding the principles of fair and accountable dispute resolution. If you have any questions or require further assistance, please do not hesitate to contact us. Your commitment to these principles is acknowledged and appreciated.

Seeking Assistance or Have Questions? Contact FDRC UK

If you require any assistance or have questions related to our services, please do not hesitate to get in touch with us. Your inquiries and concerns are important to us, and our team is here to provide you with the support and information you need.

Contact Information:

You can reach out to FDRC UK through our dedicated contact page by visiting Contact FDRC UK. Simply complete the provided form with your details and inquiry, and we will respond to your message promptly.

We Are Here to Help:

At FDRC UK, we are committed to ensuring that you have a smooth and efficient experience with our services. Whether you are a financial institution member or a valued customer seeking assistance, we are ready to assist you in a professional and responsive manner.

Your Feedback Matters:

Your feedback and questions help us continually improve our services and better serve your needs. We appreciate your engagement and encourage you to reach out to us whenever you require assistance or have inquiries about FDRC UK and our processes.

Thank you for choosing FDRC UK as your trusted partner in financial dispute resolution. We look forward to assisting you and addressing any questions or concerns you may have.