To:
Financial Conduct Authority
6 Queen Street
Leeds
West Yorkshire
LS1 2TW

Cc:
Prudential Regulation Authority
Bank of England
Threadneedle Street
London, EC2R 8AH

Cc:
Financial Ombudsman Service
Exchange Tower
London E14 9SR

 0800 023 4567
 independent.assessor@financial-ombudsman.org.uk

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Subject: Case Number: 1741 7947 6145 5930 – Nationwide Building Society
Date Lodged: 14 March 2025
EASS Reference: #250323-000005
Additional References:

• Money Claim
• Serious Fraud Office: c98c91180d570dc, 5e118dc08da84da
• ICO Complaint Reference: IC-337307-W2B4
• Nationwide Debt: £1,024.56
• IRR1867 Call Recording
• Unhandled: PRA Reference PNX-5460997-W7K9

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16th April 2025

Dear Data Protection Officer / Dame Julian Guy,FSO FCA Prudential Bank

Re: Court Case – Martin Newbold v Nationwide (2025)

I am writing further to my ongoing complaint and legal proceedings against Nationwide Building Society and your oblique intent.

It is now ten days since my Money Claim was lodged, and the matter has not been determined within the five working day timeframe specified. The matter remains unresolved despite the involvement of the Financial Ombudsman Service and the Prudential Regulation Authority.

This case is intrinsically linked to the safeguarding of my daughter, who remains missing, and the mismanagement or potential misappropriation of funds that were rightfully hers—including, but not limited to, a Child Trust Fund (CTF). To date, no agency has been able to confirm her whereabouts or clarify the status of her account.

It is particularly troubling that mediation efforts have failed, and yet no explanation has been given as to why the matter has escalated to the courts. This has compounded existing distress and continues to suggest institutional failings in duty of care, transparency, and accountability.

As I understand, the Financial Services Ombudsman investigates regulated financial services, and the CTF product falls within this definition. It was clearly indicated during a recorded call (IRR1867) that I believe this fund was mis-sold to me, a concern echoed by the large number of other affected individuals—reportedly over 430,000 GDP account holders without access to their trust funds.

Please clarify when the eight-week complaint response period began regarding FCA Case 21151417. Your team previously stated that this was under active review, yet I have not received a substantive response or final determination.

It is now necessary to place the following on public and legal record:

“A person or body acting with knowledge of likely harm—whether directly or by omission—may still be held liable under the principle of oblique intent. Where consequences of inaction are foreseeable, this constitutes a breach of legal, ethical, and statutory obligations—especially when child welfare, education, and safeguarding are concerned.”

In failing to ensure proper access to financial assets or basic education provisions under your regulatory oversight, your departments cannot claim ignorance of the outcomes. Your silence and inaction now contribute to the foreseeable harm of a child.

I would be grateful for a written reply to these points, which to date have gone unanswered. Please be advised that this letter and all associated material will be made public where appropriate and may be submitted in court.

Yours sincerely,

Martin Newbold

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