Complaints Policy

Complaints Handling

  1. Complaint. If you have a complaint, please contact our Complaints Manager. You can write to our Complaints Manager at our head office: EFTX Limited, Highview House, 1st Floor, Tattenham Crescent, Epsom, KT18 5QJ United Kingdom. Alternatively, you can email us at The Complaints Manager will pass your complaint to the line manager of the member of staff with whom you have been dealing. This will give them the opportunity to explain what actions have been taken and to try to sort things out with you.
  2. Acknowledgment. Timeframe: Within 24 hours of receiving your complaint. We will send you a letter acknowledging your complaint and will let you know the name of the person who will be dealing with your complaint. The letter will contain details of our Complaints Policy and of your right to refer the complaint to the Financial Ombudsman Service if you are dissatisfied with our assessment and ruling. You can expect to receive our letter within 5 business days of us receiving your complaint.
  3. Recording your complaint. We will record your complaint and provide a summary of it to the Financial Conduct Authority (FCA) and to our Insurer. These details will usually include as a minimum; the nature, date, and method of communication of the complaint, your details, how the complaint was dealt with (outcomes), whether the complaint was upheld or refuted, whether the complaint was closed or whether it remains open and outstanding and what financial redress or other significant outcome resulted from the complaint. Private information will not be shared with any third parties, and we comply with the Data Protection Act 1998.
  4. Investigation. We will then start to investigate your complaint. We will aim at all times to conduct our investigation competently, diligently, and impartially, obtaining additional information, as necessary.
  5. Initial Response. Timeframe: Within 7 business days of receiving your complaint. We will write to inform you of the progress of the measures being taken for the complaint’s resolution.
  6. Acknowledgement of receipt of response. If you respond to our Initial Response, we will acknowledge receipt of response with 5 business days.
  7. Final Response. Timeframe: Within 15 business days of receiving your complaint in certain complex circumstances this may take up to 35 business days,(this is the time frame for a holding response to be issued). We will send you a Final Response which:
    • accepts the complaint and, where appropriate, offers redress or remedial action; or
    • offers redress or remedial action without accepting the complaint; or
    • rejects the complaint and gives reasons for doing so.
  8. Final Response will enclose a copy of the Financial Ombudsman’s standard explanatory leaflet and will inform you that if you remain dissatisfied with the response, you can refer your complaint to the Financial Ombudsman and must do so within six months.
  9. Holding Response. If we are unable to conclude the investigation we will issue what is called a Holding Response, which will enclose a copy of the Financial Ombudsman’s standard explanatory leaflet. The purpose of this is to inform you of the reasons why we cannot provide a Final Response and to provide a further indication as to what is happening with the complaint and when you can expect to hear from us again. In the event that you receive a Holding Response, we will invite you to discuss the matter personally with our CEO, if we are unable to resolve the complaint to your satisfaction, then such complaints may be eligible for consideration by the Financial Ombudsman and ultimately the courts if you so wish. In this situation, we would record upon the complaint file what advice was provided and we would reclassify the complaint to note that it has been ‘investigated but not resolved’. Such claims are deemed to have been investigated by us and will be reported to the FOS on this basis.

Recording Complaints

We retain records of all complaints received and the measures taken for three years from the date the complaint was received. This record may be used to help the Financial Ombudsman if necessary.

In handling complaints, we aim to identify and remedy any recurring or systematic problems, for example, by:

  • Analysing the causes of individual complaints so as to identify whether there are any root causes common to types of complaint.
  • Considering whether such root causes may also affect other processes or products, including those not directly linked to your complaint; and
  • Where we can reasonably do so, correcting such root causes.

Financial Ombudsman Services

The Financial Ombudsman Service is an independent and government-backed service designed to help retail consumers and small commercial businesses (annual turnover of less than £1million) who find themselves in a dispute with a financial organisation such as us.

It is a free service, and it can be contacted at any point in a dispute providing the complainant has first contacted the financial organisation with whom the dispute relates to. Most cases are resolved within a 6-month period however some inevitably take longer (depending on the nature and complexity of the case).

The Financial Ombudsman can consider complaints about a wide range of financial matters – from insurance and mortgages to savings and investments. They are not a regulator or trade body or a consumer champion – their role is to take an objective standpoint and help settle disputes.

Consumers do not have to accept any decision made by the Financial Ombudsman and at all times the consumer has the right to seek redress in a court should they so wish. However, if the Financial Ombudsman’s decision is accepted by the complainant then it is binding both the firm and the complainant.

Contact Information

To contact the Financial Ombudsman Service, consumers should write or telephone or email their situation to:

More information on the Financial Ombudsman Service can be obtained by visiting or by downloading the booklet entitled “Your complaint and the ombudsman” from this website.