The Financial Ombudsman Service (FOS) does not recognise the 15 year longstop rule(Limitations Act) in respect of advice given by IFA's. This law applies to every person in the UK apart from IFA's.

This is in breach of their Human Rights and must apply to all UK citizens no matter was profession.

I have personally discussed the matter with my former MP Mark Oaten who approached the Treasury and was advised that the Financial Ombudsman Service was effectively above the law and could ignore the Limitations Act at its will.

I do not believe that any government body has the right to ignore statute law.

This is direct discrimination against one sector and must be addressed.

Legal opinion has been sought and it has been established that this is in breach of the Human Rights Act.

Why is this idea important?

To ensure that every UK citizen has the protection of Statute Law and that the FOS is in breach of the Human Rights Act.

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