FOS

The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.

The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.

An IFA has helped a couple win compensation from high street bank Santander after the bank was unable to tell the clients how many accounts they had or how much money they had invested.

The Financial Ombudsman Service (FOS) has revealed that it is awaiting a lead decision on investments in failed firm Keydata before it decides the fate of thousands of investors seeking redress.

An adviser who recommended a client invest most of his pension savings in an offshore property fund has been told to purchase his client's investments and compensate him following a ruling by the Financial Ombudsman Service (FOS).

The Financial Ombudsman Service (FOS) has ruled against an adviser who recommended clients invest in cells of the Stirling Mortimer fund range.

REGULATION

The Financial Ombudsman Service (FOS) has revealed the details of a provisional judgement against an IFA who invested clients in Arch Cru.

Shares in Barclays were off around 1% in early trading after it abandoned its legal challenge against PPI mis-selling and set aside £1bn to cover customer redress and administration costs.