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FOS cases up 20% year on year to nearly 200,000

Consumer complaints received by the Financial Ombudsman Service in its 2023/24 year rose by 20% year on year to reach nearly 200,000, the FOS said today. 

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PIMFA urges higher FOS case fees for CMCs

Wealth management trade body PIMFA has urged the Financial Ombudsman Service to push up proposed cases fees for CMCs to better share the burden of costs between between claimants and firms hit by a complaint.

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FOS complaints jump by 20% in 6 months

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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FOS increases maximum award limit

The Financial Ombudsman Service (FOS) has increased its maximum award limit from £415,000 to £430,000.

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