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FOS receives hundreds of ‘ambulance chaser’ complaints

The Financial Ombudsman Service (FOS) has received hundreds of complaints about the activities of claims management companies (CMCs) – so-called ‘ambulance chasers’.

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FOS orders Scottish Widows to compensate client

Scottish Widows has been ordered to compensate a client after a rule change around overseas pension transfers led to him being hit by an unnecessary 25% per cent tax charge.

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PIMFA condemns new FOS funding proposals

Trade association PIMFA, which represents 1,000 investment managers and financial advisers, has slammed proposals for funding the Financial Ombudsman Service (FOS).

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FCA reveals new chair of Financial Ombudsman Service

Baroness Zahida Manzoor CBE has been appointed chair of the Financial Ombudsman Service.

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