FOS

Whitechurch Investment Services and Tudor House Financial Services are two of the 16 firms whose clients could now stand to gain from compensation paid from the Financial Services Compensation Scheme.

There is a case being assessed by the House of Lords at present, which could have serious implications for the financial services industry and the recognition of human rights.

Rejecting calls for a new appeals process the Association of Investment Trust Companies (AITC) says it would still like to see the Financial Ombudsman Service extend its powers to the investment trusts sector.

The Financial Ombudsman Service needs to show it understands how the industry has evolved and improved over recent years as its decisions show signs of retrospection, suggests the Association of IFAs.

The Financial Services Authority is talking tough on IFA payments for the FSA levy as it warns the regulatory body will take IFAs to court to recover fees if necessary or withdraw a firm's authorisation to trade.

IFA responses to the Watchdog coverage seem unhappy about the lack of action the financial intermediary market has recently taken to defend itself against yet more bad publicity.

Scottish Provident has launched a free online training session for intermediaries explaining how to prepare for protection regulation and how it will affect their business.

Endowment policyholders are still being "misled" by insurance firms, alleges a service targeted at policyholders seeking compensation payments.

This morning's publication of the Treasury Select Committee report into long-term savings confidence has challenged the financial services industry to develop a series of new initiatives in the hope it will boost consumer confidence in the long-term savings...

IFAs are a little hot under the collar this week as invoices from the FSA relating to their levies for the next year reveal annual payments covering the Financial Services Compensation Scheme will increase by up to 375%.