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Adviser to pay out for second time over UCIS investments

Financial advice firm Professional Financial Services (PFS) has been ordered by the Financial Ombudsman (FOS) to pay out after advising a client to invest in an unregulated collective investment scheme.

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Liberty SIPP declared in default by FSCS

Collapsed firm Liberty SIPP has been declared in default by the FSCS after being placed into administration on 27 April last year.

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FOS reports 30% complaints rise due to Covid-19

New complaints received by the Financial Ombudsman Service (FOS) rose 20% year on year in between July and September, as Coronavirus pandemic-related gripes continue to rise.

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FOS says Covid-19-related complaints top 10,000

The Financial Ombudsman Service has so far received over 10,000 Covid-19-related complaints, according to its quarterly report out today.

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