FOS sees 30% increase in money transfer scams
- Wednesday, 24 November 2021
- Articles
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.
Read more...FOS costs rise as waits lengthen
- Friday, 29 October 2021
- Articles
The average cost per case for the Financial Ombudsman Service (FOS) has risen to £1040 in 2020/21 from £920 the previous year.
Read more...FOS to encourage firms to settle complaints quicker
- Tuesday, 05 October 2021
- Articles
The Financial Ombudsman Service has proposed changes to its case reporting process to encourage firms to settle early and reduce waiting times.
Read more...FOS warns of ‘dramatic’ rise in scam complaints
- Friday, 24 September 2021
- Articles
The Financial Ombudsman Service has reported a “dramatic” 66% rise in fraud and scam complaints in the first quarter of its 2021/22 year.
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