The Financial Ombudsman Service (FOS) would be able to force firms to pay up to £350,000 to complainants under new proposals drawn up by the Financial Conduct Authority (FCA).
The regulator said its CP18/31 proposals - which would more than double the amount the ombudsman could make firms compensate people - would be fairer for customers. According to the FCA, the ombudsman...
What made financial headlines over the weekend?
Follows McVey's resignation
Schroders and Aviva Investors
LightTower Partners, Seneca Partners and Unicorn AM
Integration with Money Dashboard