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’.
Read more...'Shocking' £200k FOS award limit rise comes under attack
- Monday, 11 March 2019
- Articles
A decision by the FCA to raise the limit on Financial Ombudsman Service compensation claim awards to £350,000 has been branded “shocking” and “counterproductive”.
Read more...FCA more than doubles FOS award limit to £350,000
- Friday, 08 March 2019
- Articles
The FCA has today confirmed that the Financial Ombudsman Service will soon be able to require financial services firms to pay £200,000 more compensation to consumers and businesses.
Read more...FOS funding ‘will need to change’ says FCA
- Tuesday, 15 January 2019
- Articles
The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.
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