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complaints handling

Pensions

Phoenix Life racks up 400 ombudsman complaints

Phoenix Life attracted more than 400 complaints in the final six months of last year, according to latest data from the Financial Ombudsman Service (FOS).

clock 04 March 2014 •

Regulation

FOS complaints 'splitting' may harm advisers - law firm

Lawyers are warning that advisers will suffer from the Financial Ombudsman Service (FOS) practice of increasingly splitting complaints to achieve maximum rewards for consumers.

clock 25 February 2014 •

Regulation

APFA prepares to quiz FOS over 'inconsistent' rulings

The Association of Professional Financial Advisers (APFA) is preparing to challenge the Financial Ombudsman Service (FOS) this week over what it considers inconsistent case verdicts on advisers.

clock 21 January 2014 •

Regulation

FOS complaints pushed higher by pension claims rise

The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

clock 22 October 2013 •

Regulation

FCA launches enforcement action against medium-size firm over PPI complaints

The Financial Conduct Authority (FCA) has launched enforcement action against at least one medium size firm for failing to handle payment protection insurance (PPI) claims properly, after it found "serious problems" at two thirds of the firms it reviewed....

clock 25 September 2013 •

Regulation

FCA review must examine causes of complaints, says FOS

The Financial Ombudsman Service (FOS) has said it welcomes a regulatory review into how "major" financial institutions handle complaints, but warned it first needed to look at the barriers to complaining.

clock 11 September 2013 •

Your profession

FOS to focus on age when making decisions

The Financial Ombudsman Service (FOS) has teamed up with charity Age UK and consumer magazine Which? to get a better insight on how to use age when evaluating a complaint.

clock 20 August 2013 •

Regulation

FOS executive team takes home £1.44m

The Financial Ombudsman Service's (FOS) executive team has earned a total of £1.442m including benefits in the 2012/13 financial year, according to its audited directors' report and financial statements published last week.

clock 13 August 2013 •

Regulation

FOS hit with massive rise in complaints

The Financial Ombudsman Service (FOS) has seen a 179% increase in complaints about financial products and services in the first quarter of the 2013/14 financial year.

clock 16 July 2013 •

Regulation

Complaints Commissioner flags problems with FSA dealings

The Complaints Commissioner has used his annual report to highlight problems his office faced when dealing with the Financial Services Authority (FSA).

clock 12 July 2013 •
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