FOS

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?"

The Financial Ombudsman Service (FOS) has hit out at the FSA for not intervening to tackle the Payment Protection Insurance (PPI) problem sooner and criticised the industry for being addicted to regular mis-selling scandals.

An IFA has decided to itemise future client invoices to show how much of his bill relates to regulatory costs, after his FSA levy doubled this year.

The Financial Ombudsman Service (FOS) has managed to reach several Final Decisions against IFAs over Arch cru, so why is it stalling on any investigation of the fund's multi-million pound authorised corporate director, Capita?

Do you have experience of strategic decision-making and a commitment to the ethos, values and independence of the Financial Ombudsman Service (FOS)?

A former IFA, who has been accused of mis-selling investments in a Stirling Mortimer UCIS while entrusted with 'power of attorney' type status by an elderly client, has been revealed as the legal decision-maker for at least nine other people.

Tenet has hit out at the decision to increase the Financial Ombudsman Service (FOS) limit from £100,000 to £150,000, deeming it "inappropriate".

The bank holiday may have provided a little respite, but it was still a busy week in the world of financial advice...