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N&P to challenge ombudsman in court

N&P to challenge ombudsman in court

Norwich & Peterborough Building Society is seeking a high court review of the Building Societies Ombudsman&#39s decision that it had discriminated against a Tessa investor by paying higher interest rate on its mini cash Isas.

The ombudsman decision found in favour of the saver who had complained that the society paid higher interest on the Isa than the Tessa between April 1999 and September 2000.

The BSO found in favour of the saver and recommended that the society should pay compensation.

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