The Financial Ombudsman Service (FOS) has ordered an adviser to pay out after it found he had failed to prevent an email fraud, which cost his client £250,000.
The client, called Ms Q by FOS, lost £250,000 of her bond savings after scammers hacked her email account and instructed her adviser to process the transfer. The woman had been alerted to the fraud...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November