FOS reports 30% complaints rise due to Covid-19

New complaints received by the Financial Ombudsman Service (FOS) rose 20% year on year in between July and September, as Coronavirus pandemic-related gripes continue to rise.

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FOS says Covid-19-related complaints top 10,000

The Financial Ombudsman Service has so far received over 10,000 Covid-19-related complaints, according to its quarterly report out today.

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FOS axes 128 staff at cost of £3.1m

 

The Financial Ombudsman Services has made 128 staff redundant over the past 12 months as its workload has fallen, according to its 2019/20 Annual Report and Accounts.

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Regulators warn advisers about SIPP property probe

The Financial Conduct Authority, the Financial Services Compensation Scheme and the Financial Ombudsman Service have warned Financial Planners to take action on any SIPP or SSAS investments in the German Property Group.

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