The Financial Ombudsman Service (FOS) has asked an IFA, which no longer has regulatory permissions nor is in business due to its refusal to comply with a previous FOS decision, to compensate a claimant.
A decision notice posted on the Ombudsman's website explained a former client of now-defunct Foreman Financial Services - which traded as Grainger and Co Financial Services - was unhappy with the advice...
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
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