FOS
Investment
Advisers need to look at the product first and the client second when they are doing due diligence to meet the "very high" standards the Financial Services Authority (FSA) expects, according to Regulatory Legal, a law firm specialising in financial services...
28 January 2013
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Investment
The Financial Ombudsman Service (FOS) has made a provisional ruling that a financial adviser working for AWD Chase de Vere was wrong to invest almost £80,000 of an 80-year-old's pension in failed fund Keydata.
17 January 2013
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Regulation
The Financial Ombudsman Service (FOS) has ruled that an IFA should repay an investor £150,000, the amount he recommended he invest in a troubled unregulated collective investment scheme (UCIS).
11 January 2013
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Regulation
The Financial Ombudsman Service (FOS) is set to ask the Financial Services Authority (FSA) to increase the amount it levies firms by £5.3m to £23m.
10 January 2013
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Regulation
The Financial Ombudsman Service (FOS) is proposing to increase the individual fee for firms who have complaints against them from £500 to £550 per case, but will also up the number of 'free' cases to 25.
10 January 2013
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Regulation
The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.
10 January 2013
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Investment
Advisers have largely supported a High Court decision to allow a couple to pursue their IFA firm for extra compensation, even though it had already paid them £100,000 following a Financial Ombudsman Service (FOS) decision.
08 January 2013
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Your profession
A High Court ruling which allows a couple to pursue their adviser through the courts for half a million pounds after having already received £100,000 via the Financial Ombudsman Service (FOS) shifts the balance too far in favour of consumers, according...
07 January 2013
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Regulation
The Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.
07 January 2013
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Investment
A lottery winner who invested £250,000 in Arch Cru is facing substantial losses after her financial adviser went out of business, only to re-emerge as a new firm months later.
07 January 2013
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