Planner fined over decade old SIPP switch advice

Financial Planning firm Insight Financial Associates (Insight) has been fined after failing to advise on a property investment when recommending a SIPP switch in 2010.


FOS to raise case fee by £100 to £750

The Financial Ombudsman is to increase its case fee by £100 to £750, according to its new budget and financial plans published today.


FOS to axe 150 jobs as PPI claims fall

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.


FOS CEO steps down amid complaints backlog

The CEO of the Financial Ombudsman Service, Caroline Wayman, has resigned amid mounting pressure on the ombudsman with the Coronavirus pandemic seeing a 50% surge in consumer complaints.

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