Brokers' claims deluge fears are allayed by FOS chief
Tony Boorman, principal Ombudsman, moved to qualm brokers' fears that they will be inundated with co...
Tony Boorman, principal Ombudsman, moved to qualm brokers' fears that they will be inundated with costly and vexatious claims under the Financial Ombudsman Service (FOS) scheme and end up being forced to settle claims from ambulance chasers they would normally defend.
Mr Boorman said that while the FOS had already seen problems in the endowment sector - with firms offering to handle cases for policyholders and then taking a proportion of any reward - he did not envisage the same problem in the
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