FOS

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.

The government has an obligation to "devise and implement" a scheme to compensate Equitable Life policyholders, claims the EU Committee investigating the collapse of the insurer.

The Financial Services Authority is coming under mounting pressure from City investors to clarify the rules which apply to foreign companies listing their shares in London, says the Guardian .

Pensioners pursuing the government for compensation after their pension schemes went bust will find out tomorrow if they have won their latest court battle.

Conversations about reducing the risk of non-disclosure in protection applications usually focus on the need for insurers to improve their application forms and the propensity of consumers to lie in order to get cover.

A report into the handling of Equitable Life complaints by the Financial Ombudsman Service has concluded the behaviour of FOS has left "an abiding and entirely justifiable sense of disillusionment, frustration and injustice".

The Financial Ombudsman Service is proposing to increase IFA case fees from £360 to £400 from 1 April 2007 because of an anticipated decline in the number of cases it will receive fees for.