FOS to be taken to Judicial Review

It seems AJ Wealth, a financial adviser, is to take FOS to JR.  The original complaint was found in favour of the firm by an FOS adjudicator, but the client disagreed and asked for an Ombudsman’s decision.  The Ombudsman (Roy Milne) found in favour of the client and impost hefty penalties on the firm.  The firm says its now going to JR.  This is very expensive, so the firm’s insurer may have agreed to pick up the bill.  The original decision seems to have been removed from the FOS website.  This case is a bit unusual because the ombudsman over-rode the adjudicator, which rarely happens.
Citiwire website has the story



Categories: FOS, JR

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