Information about the Financial Ombudsman Service’s Board commissioned independent review. 

Our Board has commissioned an independent external review of our service. The commissioning of independent reviews is something the Board undertakes periodically. Previous reviews can be found on our website.

The current review focuses on ensuring that the Financial Ombudsman Service can continue to meet the needs of its customers, both consumers and business. The review will be split into two parts:

  • The first phase is looking at the current operational effectiveness of the service – evaluating our performance and efficiency against our objectives.
  • The second phase will build on phase one and consider the key changes in the external landscape – and how the service must adapt to meet our current and future challenges.

The independent management consultancy will be reaching out to a range of stakeholders as part of the review to ensure they obtain a broad range of input from those that the service work with regularly.

The review is being conducted over the summer.  The results will be available in the autumn on the website, where we publish all our periodic review findings.

Latest news

Ombudsman News 192

27 June 2024

Welcome to the latest edition of Ombudsman News. In this edition, we highlight our consultation on charging Claims Management Companies and other professional representatives. We also share details of roles we’re currently recruiting for.

Recruitment CMC Consultations and responses

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Proactively settled complaints to continue

12 June 2024

Our proactive settlement scheme gives financial businesses the opportunity to resolve a complaint early on in our process. Some changes will apply to the way the scheme runs from the end of June 2024. 

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Financial Ombudsman Service announces new charity partnership with Sands

30 May 2024

Following a companywide vote, Sands, the UK’s leading pregnancy and baby loss charity, was chosen to be supported over the next two years.

Press release

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