The Financial Ombudsman Service (FOS) has ordered an equity release provider to repay a client the cost of a lifetime mortgage after it found the client had received bad advice.
Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have seen an uptick the since the March Budget, new figures have shown.
The Financial Ombudsman Service (FOS) is determined to shed its reputation as an anti-adviser body, its chief executive has said.
Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.
A retiree who asked his adviser to review a recommendation to invest in Arch cru under a consumer redress scheme set up by the financial regulator has won compensation after taking his case to the Ombudsman (FOS).
Does latest FCA data offer further evidence of declining adviser claims?
Neil Liversidge on why advisers should 'wise up' to the benefits of joining the body...
Two recent Financial Ombudsman decisions are crucial reading for the SIPP industry. Fiona Murphy looks at the issues.
Towry has been ordered to pay compensation plus £250 for causing distress to a retiree after the Financial Ombudsman Service (FOS) ruled one of its advisers gave unsuitable advice by failing to inform her of a change in pension legislation affecting small...
The Financial Ombudsman Service (FOS) has ruled national adviser Chase de Vere gave unsuitable advice when it recommended a client put most of his pension in high risk unregulated schemes just six years before he retired.