FOS to raise maximum award to £415,000
- Friday, 24 March 2023
- Articles
The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April.
Read more...FSCS declares 13 firms in default
- Thursday, 09 February 2023
- Articles
The government-backed Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.
Read more...5 firms fail in 1 week due to pension advice claims
- Friday, 20 January 2023
- Articles
The Financial Services Compensation Scheme has declared five pension advice firms as failed this week - four of them for pension transfer advice complaints.
Read more...FSCS warns complex cases will push up costs
- Thursday, 12 January 2023
- Articles
The Financial Services Compensation Scheme has warned that rising inflation and more complex cases are pushing up its costs.
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