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complaints

Displaying items by tag: complaints

Wednesday, 04 September 2024 14:09

FOS says fraud and scam complaints at record level

The Financial Ombudsman Service has reported a record 8,734 fraud and scam cases in just a three-month period this year, the highest ever quarterly level.

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The percentage of professional complaints about pensions and annuities to the Financial Ombudsman Service - including from claims management companies - showed a surprise fall in the latest quarterly period, in marked contrast to a surge in professional complaints overall.

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Thursday, 02 May 2024 18:09

Pension and decumulation complaints up at FOS

The Financial Ombudsman Service received a total of 95,349 complaints between 1 July and 31 December 2023 compared to 79,921 complaints in the same period in 2022.

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Thursday, 04 April 2024 14:58

FOS expects 30,000 more complaints in 2024/25

The Financial Ombudsman Service is forecasting that the number of complaints it is set to receive this year will hit 210,000 - nearly 30,000 higher than it predicted in December.

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Friday, 20 October 2023 17:40

SIPP and personal pension complaints soar

There was a near 10,000 rise in the number of complaints about SIPPs and non-workplace pensions in the first half of 2023, according to the latest FCA Complaints Data report.

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Friday, 15 September 2023 13:58

3 adviser firms fail due to pension complaints

The FSCS has declared three financial adviser firms as failed, opening the door to compensation claims from ex-clients.

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Friday, 31 March 2023 18:20

FOS to freeze case fee at £750

The Financial Ombudsman Service is to freeze its individual case fee at £750 for a third year as its strives to reduce the financial strain of its services on regulated firms.

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Tuesday, 28 March 2023 16:41

FOS to raise compensation limit to £415,000

 

The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April.

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Thursday, 23 March 2023 16:57

Pension and investment complaints fall 8%

The number of complaints about life and pension and investment companies fell by 8% during 2022, according to the latest data from the Financial Ombudsman Service.

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Friday, 17 February 2023 18:42

FOS upholding 35% of complaints

The Financial Ombudsman Service’s uphold rate has remained steady at 35% despite a rise in complaints about financial products.

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