Ombudsman
Tax & Regulation | 14 Jan 15
IFAs lodge appeal against High Court Keydata
An appeal has been lodged by three financial advisory firms to overturn a decision made by the High Court to pay Keydata clients compensation before a legal battle with the Financial Services Compensation Scheme (FSCS) has been resolved.
FOS to cut annual budget by 13 amid
The Financial Ombudsmen Service (FOS) will cut its budget by 13% over the coming year as it looks to develop its services.
High Court refuses Keydata complaints review
The High Court has rejected an application for a judicial review to try to stall decisions on Keydata until after a decision by the Financial Services Compensation Scheme (FSCS) has been made.
Tax & Regulation | 4 Sep 14
Chase de Vere ordered to pay compensation
The Financial Ombudsman Service has ruled in favour of a client which was advised by Chase de Vere to invest £145,000 into three high risk UCIS funds, six years before his retirement.
United Kingdom | 2 Sep 14
Sesame most complained about advisory firm
Sesame received more complaints than any other advisory firm over the first half of 2014, the Financial Ombudsmen Service (FOS) has revealed in its half year results.