Blog: Should brokers be concerned?
Ann Peel poses the question as more SMEs will be able to complain to the Ombudsman.
You could be forgiven for not paying much attention to a recent policy statement from the Financial Conduct Authority (FCA) setting out plans to extend the remit of the Financial Ombudsman Service (FOS).
Amid the recent glut of regulatory outpourings, new rules have been announced that will enable more SMEs to have their complaint decided by the FOS. All well and good on the face of it, but the changes could have costly implications for regulated financial firms, including insurance
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