Complaints Process for customers in GRG
GRG complaints process to close to new complaints on 22 October 2018
On 20 July RBS announced that the GRG complaints process will close to new complaints made by UK customers on 22 October 2018. All eligible UK customers have been written to, and provided with three months notice of the closure.
The complaints process was opened to UK customers in November 2016 when the bank provisioned £400m for payments to customers and to cover the running costs of both the complaints process and the Automatic Refund of Complex Fees. The Automatic Refund process was completed in July 2017, with offers worth £115m made to 3,500 customers.
You can read our full statement on the closure to new complaints here.
Our weekly progress report continues to detail our progress with managing complaints and their outcomes, alongside some examples of outcomes that highlight a range of the conclusions reached on complaints so far.
Consequential Loss Principles
Some customers whose complaints are upheld, may feel that they suffered a consequential loss which has not been adequately compensated for in the bank’s offer. In such circumstances they may submit a claim for consequential loss.
You can read our consequential loss principles here.
Click here to view our weekly progress report, which includes complaint outcome and offer analysis.
Contains a variety of information, including; our principles, FAQs on both our principles and the complaints process, customer journey through the complaints process, consequential loss principles, guidance and FAQs, our commitment to DISP, and an explanation of the bank’s Restructuring business.
Advice on how you can tell if you should make a complaint, the types of complaints we are seeing, and a link to our complaint form.
Here you will find our latest update on the GRG complaints process and the refund of complex fees, alongside FAQs on both the automatic refund of complex fees and our announcement in November 2016,and some examples of complaint outcomes.
You can contact us by phone, email, or letter - click here for details.
This section contains advice for eligible customers on making an appeal to the Independent Third Party on their complaint outcome, including; the role of the ITP, Quarterly Reports on his assurance and appeals roles in relation to the GRG complaints process, and FAQs including advice on making an appeal.