What the FOS? Berkeley Burke hits out at ombudsman's decision-making

Seeking to appeal High Court decision

Hannah Godfrey
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"The judicial review, if upheld on appeal, reaffirms the primacy of the FCA Principles in financial services regulation and importantly the breadth of FOS discretion to decide what is 'fair and reasonable'" - Berkeley Burke
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"The judicial review, if upheld on appeal, reaffirms the primacy of the FCA Principles in financial services regulation and importantly the breadth of FOS discretion to decide what is 'fair and reasonable'" - Berkeley Burke

Embattled SIPP provider Berkeley Burke has hit out at the Financial Ombudsman Service's decision-making process, labelling it capricious and risky to businesses.

In a statement given exclusively to Professional Adviser, Berkeley Burke argued consumers would lose out on choice in the retirement market because of the unpredictable nature of Financial Ombudsman Service...

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