FOS case fees row set for House of Lords

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An adviser firm at loggerheads with the Financial Ombudsman Service (FOS) over its case fees is set to petition the House of Lords.

Brian and Dolly Pickering, of Wiltshire-based IFA Heather Moor and Edgecomb (HME), have written to the FOS informing it of their intentions. It follows a ruling by the Court of Appeal in April which stated the case fee system at the FOS was both lawful and reasonable. HME had initially challenged the system arguing it should not have to pay case fees on four complaints made against the firm because they were all rejected. A judge found in HME’s favour in February before the FOS took the case to the Court of Appeal and won. The Court of Appeal also confirmed that the FOS is not required ...

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