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FOS uphold rate steady at 35% as complaints rise

The Financial Ombudsman Service’s uphold rate has remained steady at 35% despite a rise in new enquiries and complaints about financial products.

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FOS productivity up 12% but levy rises 10%

Caseworker productivity improved 12% at the Financial Ombudsman Service in 2021/22 as the Ombudsman confirmed this week that its compulsory levy will rise by over 10% for 2022/23.

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Lawyer appointed as new Pensions Ombudsman

Lawyer Dominic Harris has been appointed as the new Pensions Ombudsman from 16 January 2023.

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FOS considers funding model shake-up

The Financial Ombudsman Service has proposed changes to its funding model to more accurately reflect the cost of individual cases.

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