FOS

The decision of the Association of British Insurers to drop its earlier opposition to the Law Commission's proposals to reform insurance contract law for personal lines business is good news.

Fears an independent professional standards board (IPSB) would represent another tier of regulation are misplaced, the Chartered Insurance Institute (CII) says.

The Association of British Insurers (ABI) believes a clear consensus has emerged surrounding its proposals to reclassify the Total and Permanent Disability (TPD) definitions.

With income drawdown complaints on the rise Fiona Tait takes a look at why this may be and attempts to explode some myths around this product.

With the Law Commission's reform of insurance contract law almost complete - is the industry ready for change? Will the new law reflect the current industry practice and last another 100 years, asks Gill Salton?

The Financial Ombudsman Service (FOS) is to take a tougher stance on consumers and firms which purposefully delay cases.

In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.

Bank of Scotland received the highest amount of complaints relating to mortgages and home finance in the first six months of the year, Financial Ombudsman Service (FOS) figures show.

Creditors of the defunct Wall Street bank Lehman Brothers have been dealt a blow after the High Court rejected a scheme put forward by the administrators for the firm's European arm.

The FSA and financial ombudsman (FOS) are under pressure to name and shame firms that fail or refuse to pay FOS awards.