FOS

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.

The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.

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.

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...

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.

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.

Lawyers have said a High Court ruling permitting a couple to sue their IFA for more than £500,000, despite having accepted the maximum amount of compensation available via the Financial Ombudsman Service (FOS), is "bad news" for advisers.

A former IFA who was banned for incorrectly promoting unregulated collective investment schemes (UCIS) has warned an UCIS "arms race" is building up among some providers and advisers to pile investors into the high commission schemes before the introduction...

The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.

The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.