FOS

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...

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.

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

Only one in ten mortgage mis-selling cases brought by claims management firms are upheld by the Financial Ombudsman Service (FOS).

The Association of Medical Insurance Intermediaries (AMII) has applauded the latest Financial Ombudsman Service (FOS) complaints statistics as a success for the health insurance sector.

Protection and private medical insurance complaints to the Financial Ombudsman Service (FOS) remained steady over the second quarter of the year.

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.