FCA addresses market concerns over compensation hike
UK firms struggling to get PI insurance after limit raised to £350,000
Ombudsman
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UK ombudsman reports 14% rise in IFA complaints
It also logged a large increase in historical cases from over 15 years ago
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UK pension scheme trustees ordered to refund members
Gross mismanagement had resulted in people losing their funds
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Advice firms get 5 days to tell FCA about inadequate PI cover
As ombudsman compensation limit more than doubles to £350,000 from 1 April 2019
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Call for UK regulator to halt 133% compensation limit spike
The impact on the professional indemnity insurance market is a key concern ahead of 1 April changes
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Ombudsman finalising decisions on British Steel complaints
Grievances about cash equivalent transfer values and early retirement factors
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UK firms to pay more under Ombudsman changes
Financial Ombudsman Service outlines higher compensation for customers
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Spain and Italy accused of life insurance protectionism
Companies complain that local requirements are costly and unnecessary
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Financial ombudsman reports surge in Sipp enquiries
Also increase in portfolio management cases and referrals between October and December 18
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Advice business exits industry after flurry of complaints
UK ombudsman upheld a complaint in December against the firm over defunct Greyfriars fund
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DeVere & Partners UK to compensate Qrops client
Annual fee of £1,000 prompted ombudsman complaint
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Ombudsman finds Sipp provider accountable for client losses
Three individuals had invested a total of £36,200 in an ethical forestry scheme