Compensation
Financial Ombudsman Service increases compensation limit
As it adjusts awards in line with inflation
Momentum Pensions clients still in dark over compensation
But firm says they will be given a ‘full and transparent breakdown’
FCA slammed over handling of mini-bond compensation
Including criticism of its complaints scheme under which redress ‘will never be available’
Regulatory reprimand for firms seeking to skirt liabilities
FCA particularly concerned about schemes involving consumer redress
UK lifeboat scheme proposes £5m increase to 2022/23 budget
Due to rise in complex claims which will require additional time, resource and skilled expertise to process