Regulatory AlertsPS19/8: Increasing the award limit for the Financial Ombudsman Service
The Financial Conduct Authority issued Policy Statement PS19/8 to implement an increase in the Financial Ombudsman Service's award limit. This regulatory change raises the maximum compensation amount the Ombudsman can award to consumers in disputes with financial firms. The policy aims to ensure the ombudsman scheme remains effective and accessible for handling a wider range of consumer complaints.
Share