Santander UK Plc
Financial Ombudsman decision DRN-5231934 Upheld
Upheldoutcome, as published by the Ombudsman
£670redress stated in the decision
Fri Dec 29deadline to accept (not the decision date)
The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.
What this decision was about
In the Ombudsman’s words
Santander should pay K the interest it was entitled to receive if they’d applied the correct interest rate when calculating the return on the Bond over the 12-month term.Interest and rates
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5231934.pdf on financial-ombudsman.org.uk.
The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.