FOS to hire independent reviewer in wake of Channel 4 investigation

Responding to letter from Treasury Committee chair Nicky Morgan

Victoria McKeever
clock • 3 min read

The FOS is to appoint an independent reviewer to consider issues raised in the recently broadcast Channel 4 Dispatches investigation, the body's chief executive Caroline Wayman has revealed.

Wayman (pictured) said the Financial Ombudsman Service (FOS) had appointed the reviewer so it could "better understand and address the concerns" raised by Dispatches. Wayman was responding to a letter from Treasury Committee chair Nicky Morgan. Morgan asked Wayman to address issues highlighted in an investigation by the Channel 4 programme, aired on 12 March, which accused the body of undertraining and pressuring its staff to 'churn out' caseloads. "We feel very strongly the concerns voiced in the programme do not give a fair impression of the FOS when seen against the overall breadth...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The FCA's DE&I volte-face: Why doing the right thing still matters

The FCA's DE&I volte-face: Why doing the right thing still matters

Delayed NFM regulations set to take effect in June

Jo Keddie
clock 07 April 2025 • 5 min read
FOS expects to resolve 20% more cases as complaints surge

FOS expects to resolve 20% more cases as complaints surge

270,000 cases estimated to be resolved in 2025/26 amid demand

Isabel Baxter
clock 03 April 2025 • 3 min read
The Vulnerability Review: A reflection on the FCA findings and addressing the elephant in the room

The Vulnerability Review: A reflection on the FCA findings and addressing the elephant in the room

'Identification. Action. Reporting – don't delay'

Jonathan Barrett
clock 02 April 2025 • 3 min read