Company Information

Get to know Insurance & Financial Services Ombudsman Scheme

Originally established as the Insurance Ombudsman Scheme in 1995, the organization was renamed the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) in 2003 to reflect its broader scope. In 2010, it was rebranded to its current name, Financial Services Complaints Ltd (FSCL). FSCL is a government-approved external dispute resolution (EDR) scheme that is free for consumers. Its mission is to provide fair, effective, and accessible resolution of disputes between consumers and their financial service providers, which include insurers, financial advisers, lenders, and credit providers.

Industry

Financial Legal ServicePRIMARY
Financial Other Service

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Insurance & Financial Services Ombudsman Scheme

New Zealand

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.