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FOS sees 30% increase in money transfer scams 


The Financial Ombudsman Service has seen a 30% increase in complaints about “authorised” payment scams in the second quarter of this financial year compared to the same period last year.


FCA staff to meet with BSPS victims

Financial Conduct Authority staff are making another trip to Wales to meet steelworkers who could be due compensation due to unsuitable DB transfer advice.


FOS costs rise as waits lengthen

The average cost per case for the Financial Ombudsman Service (FOS) has risen to £1040 in 2020/21 from £920 the previous year.


Integrity IFA scolded by FOS for ignoring client complaints

The Financial Ombudsman Service has upheld two complaints about Integrity IFA’s advice involving unregulated investments in SIPPs and scolded the advice firm for ignoring clients and the ombudsman.

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