FOS

The Financial Ombudsman Service (FOS) is proposing a new funding system for those businesses which receive mass complaints.

The Financial Ombudsman Service (FOS) today proposed a modernisation of its funding model which could increase the number of free cases for small businesses from three annually to as many as 25.

The Financial Ombudsman Service (FOS) said the number of complaints it receives about high risk investments being sold inappropriately remains "significant".

Last year's promised changes to regulation - which have long been going on in the background - gripped financial services publicly.

Adviser Alliance is looking to take on new directors in a bid to move the organisation to a "new level" where it can challenge the remit of the FCA.

The Association of British Insurers (ABI) has urged the Financial Ombudsman Service (FOS) to avoid publishing all of its decisions.

Could advisers find themselves in non-disclosure disputes with insurers if they help clients with their annuity paperwork?

The Investment and Life Assurance Group (ILAG) has warned that increased publishing of decisions made by the Financial Ombudsman Service (FOS) could be a boon for claims management companies (CMCs).

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

The payment protection insurance (PPI) mis-selling scandal has cost the financial services industry more than three quarters of a billion in redress payments to customers in the first three quarters of the year.