Ombudsman appeals process unlikely

News

The response period for the two-year review into the Financial Ombudsman Service (FOS) ended on October 1. The UK Treasury instructed a joint consultation committee, from the FOS and Financial Services Authority, to investigate cases dealt with by the FOS to see whether there should be an appeals process against Ombudsman decisions. Although the results of the final consultation have yet to be released, early indications are that it is unlikely that an appeals process will be introduced, an

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