The House of Lords Financial Services Regulation Committee has released a report urging reform of the Financial Ombudsman Service (FOS). It calls for both the Financial…
The Chancellor’s recent Mansion House speech delivered a significant message to the financial advice community, aiming for comprehensive sector reform.Regulatory changes were emphasized, particularly in the…
The Financial Ombudsman Service and Financial Conduct Authority seek feedback to enhance financial redress systems.This initiative aims to address financial issues before they lead to widespread…
Rachel Reeves sets forth plans to modernise the FOS framework and announce a new FCA consultation, driving financial services growth.The FOS will see a revision aimed…
City Minister Tulip Siddiq endorses new fees for claims management companies (CMCs) using the Financial Ombudsman Service (FOS).Siddiq’s support follows FOS’s proposal to introduce a £250…
The recent decision by the Payments System Regulator (PSR) to lower the reimbursement cap for Authorised Push Payment (APP) fraud marks a significant shift in the…
The introduction of a £250 fee per case for law firms and claims management companies (CMCs) to bring complaints to the Financial Ombudsman Service (FOS) is…
Travel insurance complaints have surged, reflecting growing consumer dissatisfaction.The Financial Ombudsman Service received 4,466 complaints in the last financial year.Complaints are still elevated compared to pre-pandemic…
The UK’s Financial Ombudsman Service has published its latest figures on complaints about banks, insurers and other financial businesses over first half of 2015, which show an…
