Good guys pay: PIMFA criticises FOS funding model proposal
85:15 split to 50:50
Trade association PIMFA has criticised the proposed changes to the Financial Ombudsman Service (FOS) funding split, suggesting it will penalise firms with low levels of complaints.
The FOS is consulting on a new funding model that would see those who have more complaints sent to the ombudsman pay less to the running of it. Presently, 85% of FOS costs are paid by firms for each complaint taken...
More on Your profession
Niche's Mighty Duck: Advice firm's administrator makes GB ice hockey team
For 2022 Winter Olympics
National planning firm Perspective Financial Group appoints new chairman
30 years experience
Targeting younger clients: Meet the adviser hoovering up 'HENRYs'
It’s The Pro Adviser Podcast
Tom Ellis: Let's hope the platform market winds are changing
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
St James's New Face? Advice giant appoints brand agency Landor to 'further reputation'
Following multi-agency pitch.
More news
Niche's Mighty Duck: Advice firm's administrator makes GB ice hockey team
For 2022 Winter Olympics
National planning firm Perspective Financial Group appoints new chairman
30 years experience
Targeting younger clients: Meet the adviser hoovering up 'HENRYs'
It’s The Pro Adviser Podcast
Tom Ellis: Let's hope the platform market winds are changing
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
Equity release market growth stalls in 2019
£3.4bn released last year
