FOS

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.

The financial Ombudsman (FOS) has frozen the fee it charges firms to deal with complaints at £500 for the second consecutive year.

"Doing the right thing" has emerged as the most important value among Financial Ombudsman Service (FOS) staff as part of an ongoing review.

ETFs and SIPPs have been earmarked as ‘emerging risks' by the newly set-up Coordination Committee (CC) which unites the FSA, OFT and FOS.

The FOS must make a final decision on the level of its reserves this month, as firms' continued refusal to pay fees linked to payment protection insurance (PPI) cases look set to exhaust funds and force levies to rise by as much as 25%.