FOS

New cases for the Financial Ombudsman Service(FOS) soared by 26% in the year to March 31 2011, driven by a record number of complaints about PPI mis-selling.

Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).

Another day, another FSA paper...

Advisers could face lower FOS fees next year as banks begin shouldering the cost of handling payment protection insurance (PPI) complaints against them, the ombudsman said.

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

Meteor Asset Management has filed an application for a judical review into a FOS decision ordering it to compensate investors who lost money in its Lehman-backed plans.

A growing number of businesses are being forced by the Financial Ombudsman to pay out compensation for treating customers poorly.

An overwhelming majority of IFAs have called for the right to be able to appeal Financial Ombudsman Services (FOS) decisions in the courts.

Three practitioners with contrasting views talk to Maria Merricks about why they have decided on their chosen route.

Meteor Asset Management has refused to abide by a FOS order to return £15,000 to investors who lost money in its Lehman-backed plans, and could challenge the ruling in a judicial review.