As part of Claims Management Companies (CMC) drive towards the PPI complaints deadline our client had incurred a significant increase in the number of regulated ‘advice’ complaints; a backlog had formed and there was a large number of complaints breaching regulatory guidelines and creating exposure to FOS referral fees.
The aims of the project were to:
Our Relationship Management team was already familiar with the client’s operation and understood the regulatory framework. Our client could focus on the key deliverables as they knew we were completing the work in a compliant manner.
We mobilised a team of 22 experienced and qualified reviewers within a week – many of whom had supported the same client on previous Davies Resourcing engagements. We restricted the number of managers to a minimum to create a versatile unit with a "hands-on" approach.
Despite the volume of complaints increasing, the project team ensured the volume of customers awaiting a response reduced to acceptable levels.
The percentage of cases breaching regulatory timescales for resolution reduced dramatically and the number of cases being resolved at the point of entry was increased.
This success was due to improved efficiency gained through the suggestions made by our team. Each person was completing double the number of cases to the required standard.
Our team tackled the ring-fenced backlog of complaints during a 3 month engagement allowing the regular team to focus on the ‘normal’ incoming volumes.
Reduction in cases breaching regulatory timescales
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