“The former finance director of Bradford & Bingley has failed in his attempt to have the courts overturn a £100,000 fine issued by the financial services regulator.”
OUT-LAW.com, 18th June 2013
Source: www.out-law.com
“The family of a man who died of cancer but whose life insurance payout was refused on the grounds that he failed to disclose pins and needles have won their fight against Friends Life, after the financial ombudsman ruled that the insurer was wrong to cancel his policy.”
The Guardian, 26th April 2013
Source: www.guardian.co.uk
“The financial ombudsman service is taking on 2,000 new cases a day following payment protection insurance (PPI) complaints, with numbers rising at “unprecedented” rates.”
BBC News, 4th March 2013
Source: www.bbc.co.uk
“Stephen Hester lays groundwork for penalties expected to be £500m or more.”
The Guardian, 20th January 2013
Source: www.guardian.co.uk
“Not living full-time in your home can invalidate your insurance, as one couple found out when fire devastated their property during renovation work.”
BBC News, 2nd September 2012
Source: www.bbc.co.uk
“The Tribunal’s function under the Financial Services and Markets Act 2000 is to:
‘determine what (if any) is the appropriate action for the decision-maker [i.e. the Financial services Authority] to take in relation to the matter referred … to it’ (section 133(5)).”
Full story (PDF)
Thirty Nine Essex Street, 21st February 2012
Source: www.39essex.com
“The Financial Ombudsman Service (FOS) has set out how it intends to co-operate with new regulator the Financial Conduct Authority .”
OUT-LAW.com, 24th February 2012
Source: www.out-law.com
“The public can now request information from three new bodies under the Freedom of Information Act.”
Ministry of Justice, 1st November 2011
Source: www.justice.gov.uk
“The Freedom of Information Act will be extended to cover four more public bodies and increase the public’s right to access information, Justice Minister Michael Wills announced today.”
Ministry of Justice, 30th March 2010
Source: www.justice.gov.uk
“Delays, rudeness and poor claims handling are grounds for ordering financial services firms to compensate customers, the Financial Ombudsman Service (FOS) has said. Payments can be ordered in addition to other remedies.”
OUT-LAW.com, 12th August 2008
Source: www.out-law.com
“The Financial Services Ombudsman did not have the power to make a direction under s 229(2)(b) of the Financial Services and Markets Act 2000 that would require a respondent to make a money award exceeding the statutory cap provided in the Ombudsman scheme rules.”
WLR Daily, 25th May 2007
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
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