Financial Ombudsman Service and FCA move to modernise redress system
15 November 2024
We launch a ‘Call for Input’ jointly with the Financial Conduct Authority (FCA) to create stability for consumers and businesses.
Welcome to the latest edition of Ombudsman News. In this edition, we share news of our new Chief Executive and Chief Ombudsman, and outline the Discussion Paper earlier this month about possible changes to our future funding model. We also highlight our latest annual complaints data for the last financial year.
See our previous editions of Ombudsman News.
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Earlier this month, we announced that Abby Thomas has been appointed to the role of Chief Executive and Chief Ombudsman, following an extensive and competitive recruitment process. Nausicaa Delfas will continue as Interim Chief Executive and Chief Ombudsman until Abby joins in the Autumn.
We published a Discussion Paper earlier this month about possible changes to our future funding model, as part of our commitment to change and improve the organisation.
We are seeking feedback from financial services organisations, trade bodies, consumer groups and other stakeholders. The Discussion Paper is open for responses until 5 August 2022. Read the full paper and find out how to send us your response, on our website.
Our annual complaints data is a review of our work over the last financial year. We’ve recently published our latest set of data that shows the volume of complaints we received and resolved, and the proportion of complaints we upheld. We also share sector-by-sector insight into trends in complaints.
We've published our latest annual complaints data about claims management companies (CMCs). The data shows the volume of complaints we received and resolved about CMCs, and the proportion of complaints upheld in the customer's favour in the last financial year.
15 November 2024
We launch a ‘Call for Input’ jointly with the Financial Conduct Authority (FCA) to create stability for consumers and businesses.
18 July 2024
Welcome to the latest edition of Ombudsman News. In this edition, we highlight our latest annual complaints data and insight for 2023/24. We also share guidance for professional representatives about referring a complaint to us for investigation.
12 July 2024
Complaints about the banking sector are at their highest level in at least a decade.