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

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

Final rules outlined in 2025

Eve Maddock-Jones
clock 19 December 2024 • 6 min read
WealthTek boss John Dance charged with £64m fraud and money laundering

WealthTek boss John Dance charged with £64m fraud and money laundering

‘One of the most serious and largest frauds’ ever investigated by FCA

Jenna Brown
clock 19 December 2024 • 2 min read
Number of financial firms failed by FSCS increases in October and November

Number of financial firms failed by FSCS increases in October and November

Including Charterhouse and Advice & Wealth Management Solutions

Isabel Baxter
clock 18 December 2024 • 2 min read