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Broker Talkback

Do you agree with the recent county court judge whoruled that it was wrong for the Financial Ombudsman Service to charge advisersa case fee when a caseis rejected?

Yes 100%
No 0%


“If they are wrong, that isa different matter but if they have done nothing wrong they shouldn’t have to pay anything.”

Maheshchandra Karsandas Solanki,Whitefield Financial Services

Yes “Otherwise, it promotes spurious cases.”

Milton Gordon, Milton Gordon & Co

Yes “If the case is rejected, there should be no fee.”

George Henry Anderson,Anderson’s Independent Life & Pensions

Yes “If the IFA was not done anything wrong then they should not have to pay the case fee.”

Steve Cherrett, Vintage Investment Services

Yes “It is a victory for common sense. Advisers should not haveto pay if the case is not upheld.”

Paul Wilson, Paul Wilson Financial Services

Yes “In those circumstances, the client should be charged the fee. We might pay 400 for being found innocent. Too many customers are seeing the claims as a gravy train and are jumping on the FOS bandwagon.”

Samuel McDowell, R Sheridan & Co

Yes “It is not morally or ethically fair on the IFA. I am sure that99 per cent would say the same.”

Geoff Griffiths, Barchester Green

Yes “Of course, if we are found innocent I would certainly hope that we would not have to pay the fees. You should not have to”

Steve Maughan, Steve Maughan IFA


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