FOS plans £44m increase in budget as cases rise

The Financial Ombudsman Service is planning to increase its budget by £44m to £283.8m in 2022/23 to cope with an expected increase in more complex cases.

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FOS plans major shake-up to improve service 

The Financial Ombudsman Service is to reform the organisation to provide a better service to customers.

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FOS sees 30% increase in money transfer scams 

 

The Financial Ombudsman Service has seen a 30% increase in complaints about “authorised” payment scams in the second quarter of this financial year compared to the same period last year.

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FOS warns of ‘dramatic’ rise in scam complaints

The Financial Ombudsman Service has reported a “dramatic” 66% rise in fraud and scam complaints in the first quarter of its 2021/22 year.

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