Landmark ruling could revamp FOS case fees

clock

Adviser firms may no longer have to shell out case fees to the Financial Ombudsman Service (FOS) when complaints against them are unfounded after a landmark ruling.

A judge yesterday found in favour of Wiltshire-based IFA Heather Moor and Edgecomb after the firm refused to pay FOS fees on four separate occasions after complaints made against them were rejected. Under current rules, FOS demands a case fee of £400 for each case considered by an adjudicator, regardless of the outcome, but Judge Rutherford said: “No reasonable public body would maintain and enforce such a rule.” Brian Pickering, who founded Heather Moor & Edgecomb 38 years ago with his wife Dolly, said: “We just thought it very unfair that someone can make a complaint and even if it is...

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

LV= again backs PA's Women in Financial Advice Awards as headline sponsor

LV= again backs PA's Women in Financial Advice Awards as headline sponsor

Second year as lead sponsor on WIFA

Professional Adviser
clock 09 July 2026 • 1 min read
Barclays and AJ Bell eye targeted support offerings

Barclays and AJ Bell eye targeted support offerings

Exclusive: Firms waiting for FCA approval

Sophia Panayi
clock 08 July 2026 • 2 min read
CII launches vulnerability data sharing taskforce

CII launches vulnerability data sharing taskforce

Established three working groups

Sophia Panayi
clock 08 July 2026 • 2 min read