All the updated news related to financial ombudsman

All the news related to financial ombudsman updated in real time

Found 52

forfinancial ombudsman

Order by:

Personal Finance

Fee cap for claims management firms comes into force

People using claims management firms will be protected from excessive amounts of their compensation being swallowed up by fees, under new rules. The changes brought into force on Tuesday by the Financial Conduct Authority (FCA) will cap the costs ...

01 Mar 2022 at 12:55

Personal Finance

Ombudsman receiving complaints about falling insurance premiums as well as rises

The financial ombudsman has been receiving complaints from some people after the cost of their insurance has gone down. This has led people to question whether they had been treated fairly in the past, it said. Customers have also been ...

20 Jul 2022 at 01:01

Personal Finance

Backlog of consumer complaints being driven down, says financial ombudsman

The Financial Ombudsman Service says it has cut a backlog of consumer complaints about firms to around a third of the level at the start of last year. It now has just over 37,000 unallocated cases, down from around 90,000 previously. ...

24 May 2022 at 01:01

Personal Finance

Pension holders being left frustrated by archaic processes, says Which?

Some pension providers need to ditch antiquated methods that appear to be firmly rooted in the last century, according to Which? The consumer group claimed that some providers are not ready for the digital age. Long delays were a ...

05 Oct 2022 at 01:01

Ads for five gold dealers banned for failing to make lack of regulation clear

The advertising watchdog has banned ads for five gold dealers for failing to make clear that the investments are unregulated and their value could vary. The Advertising Standards Authority (ASA) investigated the ads for Bullion ...

20 Nov 2024 at 00:01

Personal Finance

Financial firms dealing with complaints pay out £243m in first half of year

Financial services firms received 1.86 million complaints in the first half of this year and paid out £243 million in redress, according to the City regulator. The Financial Conduct Authority (FCA), which published the figures ...

24 Oct 2024 at 12:23

Reeves pledges to rip up red tape as post-2008 crash regulation ‘gone too far’

Rachel Reeves will pledge to rip up financial red tape in a major speech arguing that regulatory changes following the 2008 economic crash have “gone too far”. The Chancellor will use her first Mansion House address to say ...

14 Nov 2024 at 18:00

Personal Finance

Ombudsman receives fewer complaints about scams and ‘unaffordable’ lending

The number of complaints about financial firms where the ombudsman was called on to step in has fallen to its lowest level in more than a year, with fewer gripes recorded about issues such as perceived unaffordable ...

07 Aug 2025 at 11:00

Personal Finance

Budding investors warned high-risk products could be behind ‘glossy promotions’

Budding investors are being warned they could struggle to get their money back from some high-risk schemes with “glossy promotions” if something goes wrong. The Financial Conduct Authority (FCA) said it is ...

29 Sept 2025 at 12:08

Personal Finance

Banking and insurance gripes pushing up financial complaints figures – ombudsman

A substantial rise in banking and credit complaints has partly driven an increase in gripes being taken to the ombudsman. The Financial Ombudsman Service (FOS), which released complaints figures for the ...

11 Oct 2023 at 17:28

Personal Finance

Financial Ombudsman Service increases complaint level predictions

More complaints about financial firms are expected this year than was previously anticipated, according to an ombudsman service. Gripes about perceived unaffordable lending, scams and motor finance are ...

04 Apr 2024 at 10:17

Personal Finance

Pension savers may be vulnerable to scammers as living costs bite, FCA warns

Cost-of-living concerns could drive some pension savers into scammers’ clutches, research from the City regulator suggests. A quarter (25%) of people said they would consider withdrawing their pension ...

06 Oct 2022 at 01:01

Years
2025

Iconic Media is Ireland's largest independently owned regional newspaper and media group, with an unrivalled audience in print, online and mobile. We have 19 regional newspapers and 21 digital sites.

Iconic Digital Titles

Iconic Print Titles

Letterkenny Live

This publication supports the work of the Press Council of Ireland and Office of the Press Ombudsman, and our staff operate within the Code of Practice of the Press Council. You can obtain a copy of the Code, or contact the Council, at www.presscouncil.ie, Lo-call 1800 208 080 or email: info@presscouncil.ie.