Web comment in response to article headlined, FSA to increase the FOS limit to £150,000
With an increase in the award limit comes a greater responsibility to deliver less “rough and ready” justice.
It really ought not to be acceptable in a civilised society to deprive a person of £150,000 without even having the decency to hear what they have to say about the advice they gave in person.
Once we are talking about awards over £100,000, the cost-benefit balance alters. If this is to proceed, the FOS must imple-ment a mandatory right to have an oral hearing. Once the apparatus for oral hearings are in place, then there seems no good reason why they cannot be offered as of right in respect of any claim over £;50,000.