Ombudsman
United Kingdom | 27 Apr 15
Clients look for compensation after mis-selling wealth manager goes bust
A Scottish-based wealth management firm has gone bust after it was unable to pay back clients who were mis-sold high risk investments, and customers are now turning to the Financial Services Compensation Scheme to get their money back.
United Kingdom | 14 Apr 15
FCA warns of fraudulent BlackRock ‘clone firm’
A fraudulent “clone firm” has been trying to con BlackRock customers out of their money, the Financial Conduct Authority has warned.
Retirement | 10 Apr 15
FOS upholds four new Harlequin complaints
The Financial Ombudsman Service (FOS) has upheld complaints from four individuals who claimed they had been given “unsuitable advice” to transfer their pension savings into troubled overseas investment scheme, Harlequin.
United Kingdom | 25 Mar 15
FOS freezes adviser levy and cuts budget
The Financial Ombudsman Service has frozen its compulsory levy which is partially funded by advisers and will cut its budget by 11% over the next tax year.
Accountants lose court battle over
An accountancy firms appeal against a Financial Ombudsmen Service (FOS) decision which ruled it was liable for advising clients to invest into a now-blacklisted tax avoidance scheme has been dismissed by the UK courts.