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Financial Ombudsman Service

Engaged employer

Executive need to be held to account - Anonymous Financial Ombudsman Service Employee Review

1.0
5 Mar 2024
Recommend
CEO approval
Business outlook

Pros

Passionate staff who really do care about the work they do.

Cons

The new Executive team are not fit to hold their positions, and those with the power to hold them to account are doing nothing. Investigators are under immense pressure to hit ridiculous weekly closure targets. These are set by an Executive team who have never worked a day in the Investigator role, and have no idea of the realities of how it works. The business has moved to a "performance based pay model", meaning that Investigators have no hope of career progression or bonuses if they fail to hit these targets. The end result is rushed, sloppy investigations because Investigators are not afforded the time to do the work properly because of these targets. The public, and Investigators (who do care about the work they do) deserve so much better. All the CEO cares about is reducing queues so she looks good for the Treasury Select Commitee. Meanwhile, quality is down, employee morale is at rock-bottom, and we're facing an exodus of skilled case workers who simply can't take the abuse anymore. The service simply isn't fit for purpose at the moment.

Explore other reviews about Financial Ombudsman Service

4.0
12 Oct 2016
Recommend
CEO approval
Business outlook

Pros

Good work life balance. Rarely needed to work over time. Comprehensive training and good opportunities for personal growth. Management are open to honest conversations. Benefits are very good.

Cons

Pay needs to be more competitive - and restructure means that individuals will be expected to take on more responsibility going forward.

12
1.0
31 Jul 2025
Recommend
CEO approval
Business outlook

Pros

Flexible working hours Free gym

Cons

Where do I start? The leadership here is extremely poor. Most employees do not approve of the higher ups. People at the top turnover as much as the people at the bottom. They have crazy work targets and strict quality and data requirements for your cases. A tiny mistake is enough for you to get told off in a meeting for. The micromanaging is crazy. My manager expects me to be in every Tuesday, there is nothing in this work that even requires you to be in the office at all. It's a waste of time, money, the environment and productivity to make the customer connect employees come into the office. They go on all day about diversity and inclusion but all the higher ups look the same from the same social background. They do not support career progression as I have not seen/heard of a single person from this department progressing into another since I started.

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