View more on these topics

FOS defers Lehman cases again for three months

The Financial Ombudsman Service is deferring complaints over Lehman-backed structured products for another three months following a request from the FSA.

In May, the FSA and the Ombudsman agreed that the issues relating to structured products fully or partially guaranteed by Lehman Brothers should be considered under the wider implications’ process as it may have greater potential to remedy any consumer detriment.

The regulator committed to updating the ombudsman three months into its review of the products and says although it has completed several elements of its work, the extra time will allow it to explore all options to achieve the best outcome for investors.

The FSA has been conducting a review of the marketing literature for Lehman-backed structured products and is evaluating the findings. It says that a further priority is to prepare for an assessment of the quality of advice for these pro- ducts and that an analysis of the wider market for structured products in the UK will feed into the overall review.


How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm