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Fall in percentage of successful SIPP complaints

Latest Financial Ombudsman Scheme data released today shows a steady decline in the number of SIPP complaints upheld over the past year.

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FOS orders Scottish Widows to compensate client

Scottish Widows has been ordered to compensate a client after a rule change around overseas pension transfers led to him being hit by an unnecessary 25% per cent tax charge.

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PIMFA condemns new FOS funding proposals

Trade association PIMFA, which represents 1,000 investment managers and financial advisers, has slammed proposals for funding the Financial Ombudsman Service (FOS).

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FOS gets new jurisdiction over 'ambulance chasers'

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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