'Dramatic' claims will not rock the Fos

In the latest edition of ombudsman news, Merricks says "judicial review" suddenly appears to be “flavour of the month”, as not a week goes by without someone announcing a legal challenge to the Fos’s decisions or procedures. One recent case involved a challenge by CPH Financial Advisory Services about a couple whose endowment case against Friends Provident was time-barred. The challenge resulted in the time-bar rule being overturned and the Fos was accused of changing its policy because of the threat of judicial review and opening the floodgates to more time-bar decisions being overturn...