FOS

The Financial Ombudsman Service (FOS) has ruled advisers could not reasonably have known Lehman Brothers was in financial turmoil when they recommended clients invest in structured products to which it was counterparty, in a trio of rulings.

The owners of a former advisory business are a step closer to facing a £500,000 claim for bad advice after a judge ordered them to disclose documents that could wreck their defence the claim is too old.

The chief executive of the Financial Ombudsman Service (FOS) has said he wants firms presenting their case to the ombudsman to "recount a story", not present graphs and numbers.

Network the On-Line Partnership is liable for allegedly unsuitable advice it claims one of its appointed representatives (AR) gave without its authorisation, the Financial Ombudsman Service (FOS) has ruled.

The Association of Professional Financial Advisers (APFA) has urged the regulator to re-consider reviewing the way it calculates the fees paid to it by advisers, after plans to overhaul the area were scrapped.

The Financial Conduct Authority (FCA) has banned a sole trader for failing to disclose information it requested about a transaction made on behalf of a client.

The Financial Ombudsman Service (FOS) is failing to take all evidence into account when ruling on complaints against advisers, and is sometimes not giving reasons for its decisions, advisers have claimed.

A group of investors in troubled overseas property sales agent Harlequin has claimed a first victory in its battle to receive compensation from advisers who 'facilitated' their investments.

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

A record year at Financial Ombudsman Service (FOS) saw 40,000 queries a week resulting in 512,167 new complaints during the past 12 months.