questionText: To ask the Chancellor of the Exchequer, if he will take steps to require Ascot Lloyd to pay the amount of compensation to customers recommended by the Financial Ombudsman Service.
answerText: Parliament set up the Financial Ombudsman Service (FOS) to decide complaints quickly as an alternative to the courts – not to act as a law enforcer. However, firms that are regulated by the Financial Conduct Authority (FCA) are required under the FCA’s ru...
heading: Ascot Lloyd: Compensation