The Claims Management Regulator (CMR), Financial Conduct Authority (FCA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS) have issued joint guidance for firms on how to deal with claims management companies (CMC),...
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.
The Financial Ombudsman Service (FOS) plans to freeze the levy it collects from firms and cut its budget by 20% over the coming year.
A client who protested about commission being taken from his pension without his permission and without receiving ongoing advice in return has had his complaint rejected by the Financial Ombudsman Service (FOS).
The Financial Ombudsman Service's (FOS) chief ombudsman and chief executive Natalie Ceeney is to step down after four years in office.
A couple are facing poverty in retirement and risk losing their home after their IFA advised them to invest in a high risk scheme that has left them £500,000 in debt.
Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).