The Financial Ombudsman Service (FOS to us) is getting a roasting. They’ve a huge backlog and are costing too much, obvious solution, cut staff numbers. Here’s an alternative. Advisers and providers have argued for years for some sort of time bar on complaints. At the moment you could potentially hold the Prudential to account for a slip of the quill in Scrooge’s day, or at least when Maggie was still on the throne. Bring this down to, say, 10 or 15 years, outlaw the ‘has anyone ever sold you a pension or investment, ever, we can get you your money back’ companies and sanity may return.
“Is the AI hype machine losing steam?”
Many of the reviving rises in stock markets, particular in the US in the last year or so have been driven by AI. Not those buy-and-sell computerised algorithms we’ve heard so much about for years now; but the share prices of the big tech companies ‘at the heart of the AI revolution’.
