FOS

Fees towards the Financial Services Compensation Scheme will increase by up to 375% next year to meet the FSCS' need for compensation funding.

Consumer complaints about financial products and services providers soared in the past year, stretching resources of the Financial Ombudsman Service to the limit as it had to both deal with caseload and try to ensure its messages got out properly through...

Product summary boxes along with a "traffic light" product risk assessment system are two of the proposals which are now expected to be presented by the Treasury Select Committee, to tackle consumer confidence in long-term savings.