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Cost to run FOS set to rise by about £30million

The cost to run the Financial Ombudsman Service is set to rise by about £30million.

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Some advisers’ FOS concerns 'based on misunderstanding'

Some of advisers’ concerns about the FOS have been based on misunderstanding, a trade body says, as it released a new guide to help members deal with the Ombudsman.

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FOS rules against advice firm over investing in UCIS

The Financial Ombudsman has ruled against an advice firm over investing in an unregulated collective investment scheme.

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FOS: SJP adviser wrong over pension plan suitability

A complaint from a St. James’s Place Wealth Management client over claims of being “misled about tax benefits” has been partly upheld, with the ombudsman saying the adviser had failed to reach the right conclusion.

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