Home / Financial Services

Legal News

FOS reports surge in complaints for Q2 2024/25

Copyright © 2025 LexisNexis

Published on: 27 November 2024

Published by LNB News

LNB News 27/11/2024

Document Information

Issue Date: 27 November 2024

Published Date: 27 November 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Ombudsman Service (FOS) has reported a substantial increase in complaints related to fraud and scams, current accounts, and credit cards in Q2 2024/25with overall cases rising by more than 50% compared to the same period in the previous year. The FOS notes that it has published feedback on its intention to proceed with a charging regime for professional representatives, subject to the relevant Parliamentary and Financial Conduct Authority approvals being given.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of