Complaints

From Open Risk Manual

Definition

Complaints. In the context of the Financial Competence Framework, Complaints is a topic in the Financial Landscape subject matter domain.[1]

Competences

Mastering the role of Complaints in financial literacy context requires the following competences:

Code Competency Description Competency Type
415 Aware of the existence of redress mechanisms and how to access them if necessary Knowledge
416 Aware of the existence of out-of-court dispute resolution mechanisms, including online alternative dispute resolution tools, and of how to select the most appropriate one Knowledge
417 Knows the relevant body in their jurisdiction where a complaint about products and services, including those sold online, can be deposited Knowledge
418 Makes a complaint to the relevant department of a financial provider and, in a second step, to the relevant external body when necessary Skill
419 Confident to make a judgment on the quality of service and protection provided by a financial service provider Attitude
420 Is prepared to seek redress if things go wrong Attitude

References

  1. European Union/OECD (2022), Financial competence framework for adults in the European Union