Tim Sargisson: Life of PI
FOS award limit increase
Tim Sargisson: "It is stating the bleeding obvious, I know, but better adviser behaviour – particularly over esoteric investments and DB transfers – is surely the way forward."
Plans to increase the FOS award limit may have largely been greeted with dismay but, writes Tim Sargisson, the actions of the FCA are arguably a measured response to what it sees - and necessary for consumer protection
The news from the Financial Conduct Authority (FCA), confirmed in PS19/8, increasing the award limit for the Financial Ombudsman Service (FOS) was greeted with dismay by many in the advice profession....
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