Ambulance chasers spur huge jump in SIPP complaints
- Wednesday, 15 May 2019
- Articles
Claims management companies and law firms are submitting two thirds of all SIPP complaints - double the percentage seen in the previous year, according to Financial Ombudsman Service (FOS) figures out today.
Read more...FCA, FSCS and FOS launch ‘phoenixing’ working group
- Friday, 03 May 2019
- Articles
The FCA and other financial regulators are to launch a joint working group to tackle phoenixing in financial services.
Read more...CISI warns FCA over impact of FOS compensation increase
- Wednesday, 17 April 2019
- Articles
The Chartered Institute for Securities & Investment (CISI) has raised concerns with the FCA at the decision to increase the Financial Ombudsman Service’s (FOS) compensation limit from £150,000 to £350,000, as it may have “serious unintended consequences for its member SMEs”.
Read more...FOS gets new jurisdiction over 'ambulance chasers'
- Monday, 08 April 2019
- Articles
The Financial Ombudsman Service has expanded its remit to include more small business and claims management companies, so called ‘ambulance chasers’.
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