Complaints to the Financial Ombudsman Service double

New figures published by the Financial Ombudsman Services (FOS) have shown a dramatic increase in the number of complaints they have received over the past quarter. Around 70% of the complaints received by FOS over the past three months have been in relation to Payment Protection Insurance (PPI), sold to cover loans and credit card repayments in the event of illness or unemployment. During this period the number of complaints received by FOS in respect of PPI mis-selling averaged more than 900 per day, this period saw the High Court decision and judicial review on PPI and the decision by the British ...