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January 2025

FCA and FOS Call for Input on Modernising the Redress System closing 30 January 2025

07 Jan 2025 | Posted In Money advice news

The Financial Conduct Authority (FCA) and the Financial Ombudsman Service (FOS) want to seek views from stakeholders on how to modernise the redress framework, so it better serves consumers and provides greater stability for firms to invest and innovate. The current redress framework works well for individual customer complaints about specific issues. However, challenges can […]

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