The Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.
In the case of Barry and Julie Clark against Focus Asset Management, Judge Ross Cranston ruled that the FOS' use of the phrase "full and final settlement" in relation to the award it handed to the couple...
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
CISI Financial Planning conference
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It’s The Pro Adviser Podcast
A storm has caused havoc in the adviser platform market over the last couple of years, says Tom Ellis, but advice firms will no doubt be expecting to see some sunshine soon
£3.4bn released last year