Households are being warned to watch out for a new ‘scam’ where fraudsters are purporting to be from the Financial Ombudsman Service (FOS). Fraudsters are cold-calling victims and telling them that they need to pay £150 to ‘release’ compensation which they are entitled to. The FOS, which deals with complaints from consumers about the financial services industry, said that it would never cold-call households and that it’s service was completely free so it would never ask for money. If you receive a call from FOS and think it may be suspicious you can call them directly on  0300 123 9 123. NEVER GIVE OUT PERSONAL OR FINANCIAL DETAILS OVER THE PHONE AND NEVER AGREE TO PAY MONEY TO SOMEONE IN THESE CIRCUMSTANCES