FOS chair: Still work to be done to improve organisation

‘Our customers deserve better,’ says Zahida Manzoor

Jenna Brown
clock • 2 min read

The Financial Ombudsman Service (FOS) has made progress to address its backlog of cases which caused “unacceptable delays” but more remains to be done to improve the body’s service levels, its chair has said.

Baroness Zahida Manzoor (pictured) said the body had worked towards changing and improving during the past year in line with its action plan that followed an independent review. Writing in the organisation's annual report and accounts for the year ended 31 March 2022, she said the review was commissioned against the background of long queues that were causing unacceptable delays for all our customers, and a need to put the FOS on a financially viable footing. Manzoor said: "Our performance saw us cutting our backlog of unallocated cases by over half and making significant progress in ...

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

Nexus IFA director Kerry Nelson charged over £2m alleged fraud

Nexus IFA director Kerry Nelson charged over £2m alleged fraud

FCA also starts criminal proceedings against firm's business operations manager

Isabel Baxter
clock 28 February 2025 • 1 min read
Consumer Duty champions officially axed

Consumer Duty champions officially axed

No longer a requirement from today

Jen Frost
clock 27 February 2025 • 2 min read
FCA CEO: Tackling growth 'requires bold strokes – from all of us'

FCA CEO: Tackling growth 'requires bold strokes – from all of us'

Regulator looks to 'end duplication'

Linus Uhlig
clock 27 February 2025 • 2 min read