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FOS

Service

Claims handling firms named and shamed after PPI sting

Claims management companies (CMCs) mislead claimants and frequently flout marketing rules, according to a mystery shopping exercise carried out by consumer group Which?

clock 21 September 2011 •

Regulation

TSC calls for evidence in deep probe of FCA powers

The Treasury Select Committee has today published the terms of reference for its inquiry into the Financial Conduct Authority (FCA), and is calling for evidence on how the new regulator should be interacting with the industry and using its intervention...

clock 16 September 2011 •

Regulation

Less than 1% of FOS complaints 'frivolous'

Less than 1% of complaints made to the financial ombudsman service (FOS) last year were rejected for being frivolous, the organisation said.

clock 16 September 2011 •

Critical Illness

FOS says CI claims declining but hints at ongoing problems

The Financial Ombudsman Service (FOS) has given an insight into current complaint trends in critical illness, with a mixed report.

clock 15 September 2011 •

TCF

FOS dismisses 'reputation damage' fears on public decisions

The Financial Ombudsman Service (FOS) will not seek to redact the names of businesses when it makes public its final decisions following a client complaint.

clock 09 September 2011 •

Regulation

FOS complaints...condensed (guess the percentage against advisers)

The Financial Ombudsman Service (FOS) this week published its latest complaints data for individual financial businesses. Here are some of the stand-out stats...

clock 07 September 2011 •

PMI

FOS complaints remain low for PMI - data

Health Insurers were the subject of just 122 complaints to the Financial Ombudsman Service (FOS) in the first six months of this year.

clock 06 September 2011 •

Regulation

FSA approved 'unsuitable' Keydata advice

An adviser has spoken of his anger and confusion after an adjudicator from the Financial Ombudsman Service (FOS) ruled he had given unsuitable advice to clients on insolvent investment firm Keydata - even though the FSA had previously deemed his recommendation...

clock 01 September 2011 •

Protection

Blog: Protection 'mis-selling' - here we go again!

It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.

clock 31 August 2011 •

Your profession

Warning simplified advice poses systemic risk to IFAs

Simplified advice poses a "systemic risk" to IFAs because it opens them up to mass compensation claims for unsuitable advice, according to Prudential.

clock 18 August 2011 •
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