FOS

Consumer complaints to the Financial Ombudsman Service(FOS) are still overwhelmingly linked to mis-sold payment protection insurance, with investment products sparking relatively few grievances.

The Financial Ombudsman Service (FOS) has predicted the full force of the payment protection insurance (PPI) mis-selling saga may not be felt until the second half of the financial year.

The FSA has alerted consumers to a host of unauthorised firms, some of which may be targeting UK consumers.

The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.

Three senior Ombudsmen - including chief executive Natalie Ceeney - receive bigger annual pay packets than Prime Minister David Cameron.

Hector Sants is encouraging Arch cru investors to take the FSA-brokered 70% payment deal and has warned against attempts to get a better return through the Financial Ombudsman or the courts.

The Financial Ombudsman (FOS) has put on hold all complaints related to Lehman-backed products sold by Meteor Asset Management while it investigates "a greater issue" around the firm and claims against it.

Claims management firms (CMCs) have 'exploited' payment protection insurance (PPI) complaints, according to the Financial Ombudsman Service's (FOS) legal director.

Meteor Asset Management has agreed to repay a couple £20,000 they invested in one of its Lehman-backed products in a landmark out-of-court settlement.

So after two years, thousands of FOS claims, the support of two MPs, and a Prime Minister who wasn't even in the post when the debacle began, Arch cru investors have some kind of answer to the question ‘Will I ever get my money back?"