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FOS funding ‘will need to change’ says FCA

The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.

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FOS seeks input on 2019/20 strategy and budget

The Financial Ombudsman Service (FOS) has today published a public consultation about its proposed strategic plans and budget for the financial year 2019/20, together with an update on numbers for the current financial year (2018/19).

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FSCS to compensate 2,000 as mini bond firm fails

The Financial Services Compensation Scheme (FSCS) is to compensate 2,000 customers of a failed mini bond firm.

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FOS concerned about 300+ DB transfer complaints

The Financial Ombudsman Service has published guidance on what it expects from financial advisers who are advising on defined benefit (DB) transfers as the number of complaints mounts.

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