TUI Abandon Groom and He Misses His Own Wedding

Wednesday 24th July 2019

Groom is forced to endure four-day trip home from Crete by bus when TUI abandon him on his wedding day.
Jordan Burrows claims that both TUI and his travel insurer refused to help him after he fell from a balcony which left him with life-threatening injuries. He missed his own wedding because of […]

More Mis-sold Financial Products !

Thursday 4th October 2018

Have IVA’s been mis-sold ?
Thousands of people may have been mis-sold debt repayment plans which were too expensive and could be due compensation. An industry regulator has found that some customers were given inadequate debt advice and charged large fees by firms offering IVA’s (Individual Voluntary Agreements).
An individual voluntary arrangement (IVA) is a formal […]

£500 Million Stolen From UK Bank Accounts !

Wednesday 26th September 2018

A new report states that £500 Million has been stolen from customers of British banks in the first half of 2018 alone.
Industry group UK Finance says £145 Million of the stolen amount was due to APP scams, or Authorised Push Payments. APP crime is the fastest growing type of crime and these […]

Pension Scam Victims Win Case Against Mis-sold SIPP.

Thursday 20th September 2018

The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.
The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.
The […]

Financial Ombudsman Service Tells Banks To ‘Stop Blaming Victims’ !

Thursday 30th August 2018

In their latest newsletter, the Financial Ombudsman Service (FOS) has warned banks to treat victims of financial fraud more fairly, instead of assuming the victim was grossly negligent and to blame.
FOS see thousands of complaints from customers, who have had money stolen from their accounts, and assesses cases where the bank and […]

Banks Are Still Refusing To Uphold Consumer Rights

Wednesday 25th July 2018

Millions of people in the UK are scammed into one scheme or another every year. Whether it be the infamous PPI scandal, mis-sold pensions, fraudulent bank transfers or ordering something online that didn’t show up. That’s why in the UK we benefit from consumer protection rights that give us, the customer, some […]

Financial Ombudsman Service Review Too Lenient ?

Tuesday 24th July 2018

Financial Ombudsman Service Independent reviewer calls for blanket response by FCA to mis-selling claims, but is the review too lenient?
Following an undercover investigation carried out by Channel 4 Dispatches programme, the government called for an independent reviewer to internally investigate FOS and the issues raised in the programme.
The review was carried out […]

Interest-Only Mortgages, The Ticking Time Bomb !

Wednesday 11th July 2018

Thousands could be owed compensation, if they were advised to take out an interest-only mortgage when other loans were available.
 
Experts in the industry have been warning for years about the ticking time-bomb of interest-only mortgages.
For most of us, our mortgage is the biggest and most important loan that we will ever have, […]

The FCA Orders The Ombudsman To Help Victims Of APP Fraud

Thursday 28th June 2018

The Financial Conduct Authority (FCA), along with the Financial Ombudsman Service (FOS), have published joint guidelines on how to deal with Authorised Push Payments (APP) fraud. These guidelines strengthen the authority of FOS and are much needed, as a report by Payment Services Regulator (PSR) discovered an alarming increase in the amount […]

FOS Appoints Independent Reviewer

Tuesday 22nd May 2018

FOS to Hire Independent Reviewer In Wake Of Channel 4 Investigation.
The Financial Ombudsman Service is to appoint an independent reviewer to consider issues raised in the recently broadcast Channel 4 Dispatches Investigation, the body’s chief executive Caroline Wayman has revealed.
In response to a letter from Nicky Morgan MP, Wayman said FOS had […]