FCA censures Admiral over PPI complaint mishandling
The Financial Conduct Authority has publicly censured Admiral Insurance for systematically mishandling PPI complaints, failing to properly investigate claims, and unfairly rejecting customers.
Category : Search result: financial ombudsman
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
FCA pays £30k after Ombudsman ruling over misleading advice
The Financial Conduct Authority has been ordered to pay compensation after the Financial Ombudsman Service ruled it gave 'unclear and misleading' advice to a customer of Admiral Insurance.
Cash Crisis: 53% of UK's Free ATMs Vanish Since 2018
Exclusive investigation reveals Britain's alarming cash access crisis as free ATMs disappear and bank branches shut down, hitting vulnerable communities hardest. Regulatory action demanded.
Ombudsman Slams Home Office Over Windrush Claimant Neglect
The Parliamentary and Health Service Ombudsman has issued a damning report condemning Home Office officials for their 'unacceptable' handling of a Windrush claimant's case while she was terminally ill, demanding urgent improvements to prevent further inju
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
MPs Demand Urgent Overhaul of Failing Charity Commission
A powerful cross-party committee of MPs has issued a scathing report demanding a major overhaul of the Charity Commission, citing a 'catastrophic failure' in its duty to hold charities accountable and protect public trust.
FCA: UK Finance's Old Tech Poses 'Significant' Risk
The UK's Financial Conduct Authority has raised a major red flag, revealing that a large portion of the nation's finance sector is dangerously reliant on outdated technology, posing a severe threat to operational resilience and consumer protection.
Warning: Unnecessary Trips Can Void Car Insurance
Motorists across the UK are being issued a crucial warning that making non-essential journeys could render their car insurance policies void, leading to potential financial ruin.
CBS Ombudsman Exits Amid Bias and Censorship Row
Exclusive: The abrupt departure of CBS News' public editor, Kenneth Weinstein, ignites a firestorm over media impartiality, accusations of pro-Israel bias, and the suppression of a critical column on US-Israel relations.
Self-Employed Crisis: Millions Without Sick Pay Safety Net
Exclusive investigation reveals how 3.5 million self-employed workers are left financially vulnerable with no statutory sick pay protection amid rising illness rates.
Reform UK to Strip FCA of Banking Powers if Elected
Reform UK announces radical manifesto pledge to abolish the Financial Conduct Authority's power to regulate banks, promising a bonfire of red tape for the financial sector.
New Rule Lets Banks Hide Signs of Financial Distress
A controversial new regulation permits UK banks to temporarily hide key indicators of financial instability, sparking debate between consumer protection and financial stability.
O'Brien's Delacroix Storms to Ballysax Victory at Leopardstown
Aidan O'Brien's promising colt Delacroix, ridden by Dylan Browne McMonagle, delivered a stunning performance to win the P.W. McGrath Memorial Ballysax Stakes at Leopardstown, cementing his status as a leading Epsom Derby contender.
Rugby Australia's $80m Debt Crisis Puts Future in Jeopardy
Rugby Australia is battling a staggering $80m debt. The upcoming British & Irish Lions tour and a new broadcast deal are now critical to saving the sport from financial ruin.
Why Britain Isn't Ready to Ditch Cash
As the UK races towards a cashless future, a growing movement of consumers, experts, and activists are pushing back. Discover the compelling financial, psychological, and societal reasons why cold, hard cash isn't ready for the history books just yet.
UK's Cash Exodus: The Rapid Rise of the Cashless Society
Exclusive research reveals the UK's rapid shift towards a cashless society, uncovering the regions and demographics leading the charge and those at risk of being left behind.
Thousands Lose Life Savings in Australian Super Fund Collapse
Exclusive: A major superannuation fund collapse has wiped out the life savings of thousands of Australians, sparking government scrutiny and a desperate fight for justice. Discover the full story.
HSBC ordered to repay £50k after pensioner scam failure
A retired NHS nurse from London lost her entire life savings in an authorised push payment scam. The Financial Ombudsman Service has now ruled HSBC must refund Katrina Harrison £50,000 after the bank's security systems failed to prevent the fraud.
Wellness App Offers High-Interest Loans to Low-Paid Workers
Exclusive investigation reveals UK financial wellbeing app targets vulnerable low-wage workers with costly credit products, raising serious ethical concerns about the fintech sector.
FCA Reviews Rules as Top Enforcer Joins Hedge Fund
The Financial Conduct Authority launches an urgent review into its conflict of interest policies after its former head of enforcement, Therese Chambers, takes a senior role at a US hedge fund, raising serious concerns about the City's 'revolving door' cul
FCA Alert: Protect Your Money From Clone Firm Scams
Exclusive: The Financial Conduct Authority issues an urgent warning as sophisticated 'clone firm' investment scams skyrocket, with criminals stealing millions from UK savers. Learn how to spot the red flags.
WASPI Women Demand £10,000 Payouts in Pension Battle
Millions of 1950s-born women ramp up campaign for state pension compensation as new report slams DWP failures. Could £10,000 payouts finally be coming?
FCA Investigates Aberdeen Over Dubai Operations Compliance
The UK's Financial Conduct Authority launches an investigation into Aberdeen's Dubai operations, raising serious questions about oversight in the emirate's burgeoning financial district and compliance with international standards.
Buick's Masterclass: Ombudsman's Dramatic York Victory
Jockey William Buick masterfully steers 11-8 favourite Ombudsman to a nail-biting victory in the prestigious Gimcrack Stakes at York Racecourse, surviving a late scare to secure glory for the mighty Godolphin stable.
William Buick Escapes Injury in Dramatic York Race Fall
Champion jockey William Buick was thrown from his horse at York Racecourse, triggering an immediate investigation by the Horseracing Ombudsman into the controversial incident and track conditions.
Home Affairs Wrongfully Detains Australian Citizen
A shocking administrative error led to the wrongful detention of an Australian citizen by the Home Affairs department, according to a report by the Commonwealth Ombudsman.
FCA warns of rising financial scams in UK
The Financial Conduct Authority (FCA) has issued a stark warning about increasing financial scams targeting UK consumers. Learn how to spot and avoid these fraudulent schemes.
Citizens Advice Calls for FOS Reform Amid Delays
Citizens Advice urges an overhaul of the Financial Ombudsman Service, citing delays and inefficiencies as consumer complaints surge.
FCA cracks down on misleading financial promotions
The Financial Conduct Authority (FCA) has issued new warnings to financial firms over misleading promotions, with 450 alerts issued in just three months. Learn how this affects consumers and firms.
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