FOS

Adviser firms may no longer have to shell out case fees to the Financial Ombudsman Service (FOS) when complaints against them are unfounded after a landmark ruling.

The Association of IFAs today calls for a radical overhaul of the structure, process and charges of the Financial Ombudsman Service (FOS).

The Financial Ombudsman Service (FOS) should scrap or substantially raise its £100,000 redress limit, urges the All Party Parliamentary Group on Insurance and Financial Services (APPGIFS).

In my youth, when I would hang around wine bars trying to look cool and being totally ignored by the fairer sex, I knew a chap called Smart Pete.

In a move welcomed by the Government, Paul Thornton has recommended the Pension Ombudsman should become a jurisdiction of the Financial Ombudsman Service in a bid to speed up the resolution process.

Final FSA fees and Financial Ombudsman Service levies for the majority of firms will be lower in 2007/8 than proposals in February suggested.

The Department for Work and Pensions has announced the replacement for David Laverick, the Pensions Ombudsman.

The Association of IFAs has called for the Financial Ombudsman Service to follow the example of the Financial Services Authority and establish a small firms division.

The Association of British Insurers has issued a consultation document outlining changes to some of the common definitions used in literature for Private Medical Insurance products.

In the absence of the UK Parliament providing pensions news, attention turns to the European Parliament and the Committee of Inquiry into the collapse of Equitable Life.