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Financial Ombudsman Service

Insurer

Protection Racket to raise funds for charity

The Protection Racket, featuring bands from across the industry, will perform to raise money for Disability Rights UK.

clock 16 January 2015 • 1 min read

Regulation

FOS cuts budget 13% and freezes levy at £23m

The Financial Ombudsman Service (FOS) is to make further cuts to its operating budget in the coming financial year and has frozen its levy at £23.3m.

clock 06 January 2015 •

Regulation

FCA makes recommendations on consumer complaints

The Financial Conduct Authority (FCA) has made a number of recommendations changes to the ways firms handle consumer complaints, following a review of 15 financial firms.

clock 17 November 2014 •

Insurer

Legal Ombudsman to accept CMC complaints

The Legal Ombudsman will from January 2015 deal with complaints about claims management companies (CMCs).

clock 04 November 2014 •

Adviser / Broking

Advisers: Time to get a handle on false complaints

As a survey on the Financial Ombudsman revealed almost three-quarters of advisers see themselves as the victim of false accusations for compensation, how far is the industry from restoring confidence in the ombudsman system?

clock 27 October 2014 •

Critical Illness

Protection complaints to FOS increasing

The proportion of critical illness complaints upheld by the Financial Ombudsman Service rose by 1% to 25% in the July-September 2014 quarter.

clock 21 October 2014 •

PMI

Quarterly drop in upheld PMI and dental FOS complaints

Quarterly statistics from the Financial Ombudsman Service (FOS) has revealed a 10% drop in upheld complaints in private medical insurance (PMI) and dental insurance.

clock 21 October 2014 •

Underwriting

COVER FORUM 2014: Changes needed from advisers and providers

The way in which the insurance industry works is likely to see huge changes in the near future predicted a panel at the cover forum.

clock 02 October 2014 • 1 min read

Regulation

Advisers warn false accusations from FOS are increasing

Around three-quarters of advisers have received false or manufactured accusations from Financial Ombudsman Service (FOS) complainants, an increase in 10% over three years.

clock 12 September 2014 •

Regulation

Financial Ombudsman highlights PMI and protection claims

The Financial Ombudsman (FOS) has published case studies of typical private medical insurance (PMI) and protection claims to illustrate the type of claims it has received.

clock 24 June 2014 •
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