FOS to publish firms' complaints records from September

clock

The Financial Ombudsman Service (FOS) will make public business-specific complaints data from the Autumn, it has confirmed.

The first report will cover from January to the end of June this year and will include only those firms with at least 30 new and 30 closed cases during that period. Its decision to publish complaints figures follows a public consultation, which began in July last year, setting out its transparency agenda. Data will comprise the numbers of new cases and the percentage of closed cases where there has been a change of outcome in favour of the consumer. It will also publish the average percentage change in outcome. The FOS says the move is not to "name and shame" those companies with poor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Provider letters of authority response times improve

Provider letters of authority response times improve

Only one provider’s performance remained flat, Pension Lab finds

Isabel Baxter
clock 21 August 2025 • 2 min read
Aberdeen sells financial planning arm to Ascot Lloyd

Aberdeen sells financial planning arm to Ascot Lloyd

Part of provider’s plan to simplify business

Jenna Brown
clock 20 August 2025 • 2 min read
Advisers urged to look beyond training academies

Advisers urged to look beyond training academies

‘Young people have a misunderstanding of opportunities a career in advice can hold’

Sahar Nazir
clock 20 August 2025 • 2 min read